JD.com (09618.HK) saw its stock plummet by 5.05% in intraday trading, as investors react to the escalating US-China trade tensions and their potential impact on Chinese e-commerce giants. The sharp decline comes amid reports of Chinese exporters struggling with high US tariffs and turning to domestic markets for sales.

The latest developments in the US-China trade dispute have seen tariffs on made-in-China goods soar to 145%, prompting Chinese exporters to seek alternative markets. In response to this challenge, JD.com has announced a significant initiative to support these affected businesses. The e-commerce giant plans to launch a 200 billion yuan ($27.35 billion) fund aimed at helping the country's exporters pivot to selling their products domestically over the next year.

While JD.com's efforts to assist exporters could potentially boost its domestic market share, investors appear concerned about the broader implications of the trade tensions on the company's growth prospects. The stock's sharp decline reflects uncertainties surrounding the long-term impact of these trade issues on China's e-commerce sector and JD.com's ability to navigate these challenges effectively. As the situation continues to evolve, market participants will be closely monitoring how JD.com adapts its strategies to mitigate the effects of the ongoing trade disputes.