JD.COM INC

Ticker: JD CUSIP: 47215P106 Class: SPON ADS CL A

Global Endowment Management, LP's Holding History (CIK: 0001512237)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 489,956 Value ($000) $15,808 Avg Close — Range —

Q3 2015

Shares 489,956 Value ($000) $12,768 Avg Close — Range —

Q2 2015

Shares 489,956 Value ($000) $16,707 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	489,956	$15,808	—	—
Q3 2015	489,956	$12,768	—	—
Q2 2015	489,956	$16,707	—	—