Like $BABA it has shown a positive move since holding at a very important level, in this case at the previous low on the blue line, big test next will be breaking above the 50 Day MA on the daily chart at $38.
With a FWD PE of 11, it is also similar to $BABA which has a FWD PE of 10. Michael Burry has also added to his $JD position too in the last quarter, he appears bullish on Chinese Tech......and so are we.