JD.com: Extreme Cheapness Won’t Last Long

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APEC Economic Leaders Week In San Francisco Kent Nishimura/Getty Images News This week, all eyes are on Chinese ADRs. Yesterday, Alibaba Group Holding (BABA) reported its earnings for the quarter ended December 31, and announced a $25 billion increase in buybacks. Analysts expected that Alibaba would reveal $36.4 billion in revenue and $2.64 in earnings per share (“EPS”) in Q4. The company actually did $36.66 billion in revenue (up 2.1% or 5% in constant currency), and $2.67 in EPS, beating both estimates. Alibaba’s calendar Q4 earnings release is a done deal. As for its peers, the results remain to be...