JD.com Stock Plummets on Weak China Sales, Analyst Downgrades

JD.com stock plunges to record low in Hong Kong as Wall Street turns bearish amid weak consumption in China
Multiple brokerages downgrade JD.com, cite challenges to revenue growth from sluggish consumer spending
Stock extends losses on rumors a businessman with same surname as chairman was arrested
Morgan Stanley says JD.com faces "structurally less favorable position" in China e-commerce market
Disappointing domestic inflation and Golden Week holiday spending data signal uphill battle for retailer