JD vs TCEHY Stock Comparison: AI Score, Valuation, Performance and Upside
JD and TCEHY represent opposite ends of Chinese internet economics. JD.com buys and resells goods and runs its own logistics, so it earns thin retail margins on large revenue and carries real physical assets. Tencent operates software platforms in games, messaging, and advertising, where incremental users cost little and margins are structurally far higher.
Use this JD vs TCEHY comparison to weigh asset-heavy retail against platform economics. JD's logistics investment buys genuine service differentiation but locks in capital and caps margins. Tencent's platforms scale with minimal incremental cost, which is why its profitability is far higher, though game regulation and its listing structure require attention.
JD and TCEHY are closely matched — they split the tracked metrics evenly. JD leads on both 1-year return (-21.94%) and forward P/E quality (0.94x vs 1.99x for TCEHY), a relatively favorable combination of momentum and valuation. TCEHY leads on both revenue growth (11.00%) and operating margin (32.85%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for TCEHY (+73.49%) than for JD (+48.59%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to Chinese retail with a genuine logistics and authenticity advantage
- Are comfortable with thin retail margins and inventory risk
- Value capital returns through dividends and buybacks
- Accept capital intensity and spending on competitive initiatives
- Want high-margin platform exposure across games, messaging, and advertising
- Value WeChat's position as core infrastructure in China
- Are comfortable assessing a large investment portfolio alongside the operating business
- Accept game regulation risk and the characteristics of an unsponsored depositary receipt
| Metric | JD | TCEHY |
|---|---|---|
| AI scorei | 40.0 | N/A |
| AI ranki | #1108 | N/A |
| Latest closei | $26.51 | $55.65 |
| 1M returni | -7.86% | -1.43% |
| 6M returni | -4.34% | -9.46% |
| 1Y returni | -21.94% | -32.42% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | JD | TCEHY |
|---|---|---|
| 1Y ago | $8.08K (-19.2%) started 2025-09-25 | $6.84K (-31.6%) started 2025-09-25 |
| 5Y ago | $4.55K (-54.5%) started 2021-09-27 | $11.64K (+16.4%) started 2021-09-27 |
| 10Y ago | $13.1K (+31.0%) started 2016-09-26 | $26.29K (+162.9%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | JD | TCEHY |
|---|---|---|
| Market capi | $35.8B | $501.27B |
| Trailing P/Ei | 17.67 | 14.68 |
| Forward P/Ei | 0.94 | 1.99 |
| Price/Salesi | 0.03 | 0.64 |
| EV/Revenuei | -0.01 | 0.76 |
| Analyst targeti | $39.39 | $96.55 |
| Target upsidei | +48.59% | +73.49% |
| Metric | JD | TCEHY |
|---|---|---|
| Revenue growthi | -2.90% | 11.00% |
| Earnings growthi | 21.30% | 1.80% |
| EPS growthi | +21.30% | +1.80% |
| FCF margini | +1.23% | +15.02% |
| Operating margini | 1.20% | 32.85% |
| Profit margini | 1.13% | 29.87% |
| ROIC proxyi | 6.79% | 19.91% |
| Return on equityi | 6.79% | 19.91% |
| Dividend yieldi | 3.77% | 1.21% |
| Payout ratioi | 67.85% | 17.95% |
| Dividend growth streaki | 2 yrs | 1 yr |
| Betai | 0.34 | 0.74 |
| Debt/equityi | 37.29 | 38.59 |
| Current ratioi | 1.14 | 1.29 |
| Quick ratioi | 0.71 | 1.07 |
Over the past year, JD and TCEHY have moved moderately in the same direction (correlation of 0.51), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | JD | TCEHY |
|---|---|---|---|
| 1Y | Growthi | -21.94% | -32.42% |
| CAGRi | -21.95% | -32.44% | |
| Volatilityi | 31.12% | 33.52% | |
| Sharpe ratioi | -0.79 | -1.14 | |
| Sortino ratioi | -1.16 | -1.63 | |
| Max drawdowni | 29.78% | 38.23% | |
| Current drawdowni | 24.09% | 35.53% | |
| Avg drawdowni | 16.68% | 22.19% | |
| Ulcer Indexi | 17.87% | 25.08% | |
| Max daily dropi | 7.31% | 6.33% | |
| Max wkly dropi | 14.85% | 11.95% | |
| 5Y | Growthi | -60.41% | +3.58% |
| CAGRi | -16.94% | +0.71% | |
| Volatilityi | 52.79% | 42.33% | |
| Sharpe ratioi | -0.18 | 0.12 | |
| Sortino ratioi | -0.28 | 0.18 | |
| Max drawdowni | 75.63% | 59.71% | |
| Current drawdowni | 66.95% | 35.53% | |
| Avg drawdowni | 53.15% | 22.62% | |
| Ulcer Indexi | 55.84% | 26.12% | |
| Max daily dropi | 15.83% | 14.17% | |
| Max wkly dropi | 29.05% | 19.57% | |
| 10Y | Growthi | +14.00% | +130.66% |
| CAGRi | +1.32% | +8.72% | |
| Volatilityi | 47.71% | 39.07% | |
| Sharpe ratioi | 0.17 | 0.29 | |
| Sortino ratioi | 0.26 | 0.44 | |
| Max drawdowni | 79.12% | 73.27% | |
| Current drawdowni | 71.69% | 36.76% | |
| Avg drawdowni | 40.98% | 28.93% | |
| Ulcer Indexi | 47.87% | 34.63% | |
| Max daily dropi | 15.83% | 14.17% | |
| Max wkly dropi | 29.05% | 19.57% |
| Category | JD | TCEHY |
|---|---|---|
| Company | JD.com, Inc. | Tencent Holdings Limited |
| Sector | Consumer Discretionary / E-Commerce | Communication Services / Internet & Gaming |
| Industry | Internet Retail | Internet Content & Information |
| Core business | Chinese e-commerce company that sells much of its merchandise directly rather than purely as a marketplace, operating its own nationwide warehouse and delivery network, with strength in electronics and home appliances and expansion into other categories and services. | Chinese technology group whose businesses include video games domestically and internationally, the WeChat messaging and services ecosystem, advertising, fintech and business services, plus a large portfolio of investments in other companies. The US listing is an unsponsored depositary receipt. |
| Investor focus | Revenue growth by category, first-party retail margins, logistics efficiency, spending on newer initiatives, and buybacks. | Domestic and international games revenue, advertising growth from WeChat properties, fintech and business services, investment portfolio value, and buybacks. |
- Owned logistics network delivers speed and reliability that support customer trust in higher-ticket categories
- Authentic-goods reputation is a genuine differentiator in Chinese electronics retail
- Has returned capital through dividends and buybacks
- WeChat is core communications and payments infrastructure in China, with exceptional engagement
- Games business generates high-margin recurring revenue across many titles and regions
- Advertising on its own properties is capital-light and highly profitable
- First-party retail carries inventory and thin structural margins compared with marketplace models
- Logistics is capital intensive and must be kept utilised
- Investment in new competitive initiatives can weigh heavily on profit
- Game approvals and minor-play restrictions are subject to regulatory decisions
- The depositary receipt trades separately from the Hong Kong listing, with liquidity and fee differences
- Valuing the large investment portfolio adds complexity to the underlying business valuation
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