Topic: How To Invest

Power Growth Investor Hotline – Friday, January 21, 2022

Article Excerpt

SHOPIFY INC., $1,110.40, is still a buy. The company (symbol SHOP on Toronto) offers merchants of all sizes Internet-based software to design, set up and manage e-commerce stores across multiple sales channels. The company also partners with others to handle digital payments and shipping. Shopify announced this week a strategic cooperation agreement with JD.com Inc., China’s biggest online retailer. The deal will give Shopify’s independent U.S. merchants access to JD.com’s 550 million Chinese customers. JD.com has a multitude of business units and offers a vast selection of products, across every major category. This includes electronics, apparel, home furnishings and appliances. It also sells fresh food and groceries. JD.com reported that its sales rose 33% in its latest quarter, to $34.4 billion. JD.com will open an “accelerated channel” for brands on Shopify to begin selling in China and will handle price conversion and logistics from the U.S. to China. Shopify merchants can set up shop in three to four weeks rather than the typical…