US Stock Market Move | JD.com, Inc. Sponsored ADR Class A (JD.US) rose nearly 5%. Goldman Sachs Group, Inc. believes that its differentiation advantage is underestimated by the market.

On Friday, JD.com, Inc. Sponsored ADR Class A (JD.US) rose nearly 5%, closing at $26.72. Goldman Sachs Group, Inc. released a research report on March 6, stating that despite a slight decline in retail revenue in the fourth quarter of JD.com, Inc. Sponsored ADR Class A due to the high base effect of the government's old-for-new subsidy, strong growth in advertising revenue, and narrowing losses in food delivery, combined with the cautious optimistic guidance given by management for 2026, all exceeded market expectations. Goldman Sachs Group, Inc. stated that JD.com, Inc. Sponsored ADR Class A is an undervalued differentiated enterprise, with leading retail scale, a unique "self-operated online direct sales + platform" model, and industry-leading self-built warehousing and supply chain capabilities. The company's positive guidance for 2026 includes single-digit growth in retail, logistics revenue growth of over 20%, faster profit growth, combined with AI acceleration and investment in new businesses, providing clear support and safety margins for valuation.