HK Stock Market Move | JD-SW (09618) rises more than 5% in the afternoon, APP launches "gift-giving" function, UBS reiterates it as the preferred stock in the mainland e-commerce sector.

JD-SW(09618) rose more than 5% in the afternoon, rising by 5.21% to HK$147.4 as of the time of publication, with a turnover of HK$1.452 billion. On the news front, on January 17th, JD.com disclosed on its WeChat official account that it has launched a "gift-giving" feature in the latest version of its app. It is reported that JD's gift-giving feature covers all self-operated products suitable for gift-giving. Users can share links to WeChat with just one click, and the recipient can open and receive the gift in WeChat, and provide their "gift-receiving address". JD also introduced a fun feature called "group gift-giving", where users can choose to buy multiple gifts at once and send them as a package to a WeChat group, and group members can randomly receive different gifts through luck. A recent research report from UBS pointed out that by 2025, the extension of subsidies for trade-ins in the CKH HOLDINGS category should alleviate concerns in the market about JD's revenue growth this year, and there is still room for improvement in consumer and category penetration rates. The bank reiterated JD as the preferred stock in the Mainland e-commerce sector, considering low market expectations, not high valuation, and potential upside from macroeconomic stimulus measures, believing that the risk-return profile of JD is attractive.