HK Stock Market Move | JD LOGISTICS (02618) surged more than 4%, the company's overseas fulfillment capabilities continue to strengthen, officially launching the European online retail brand Joybuy.

JD LOGISTICS (02618) rose by over 4%, as of the time of publication, it increased by 4.51% to HKD 14.14, with a turnover of HKD 1.23 billion. In terms of news, recently, JD LOGISTICS disclosed its performance data for 2025. Dongxing pointed out that JD LOGISTICS' revenue in 2025 increased by 18.8% year-on-year, with a growth rate significantly higher than the 9.7% in 2024, mainly benefiting from the rapid increase in on-demand delivery business. The company started recruiting and managing full-time riders from Q2 2025, and in Q4, acquired 100% equity of JD Group's wholly-owned subsidiary engaged in local on-demand delivery services, gaining incremental delivery capabilities. It is worth mentioning that, according to 36Kr reports, on March 16th, JD Group announced the official launch of a new online retail brand, Joybuy, in Europe. It will focus on markets in the UK, Germany, the Netherlands, France, Belgium, and Luxembourg. It is understood that JD LOGISTICS has operated over 60 warehouses and express stations for Joybuy in Europe. Dongxing believes that in 2025, JD LOGISTICS successfully achieved the goal of doubling the area of self-operated overseas warehouses, with the warehouse network and fulfillment capabilities continuously strengthening. The total area of self-operated overseas warehouse management is close to 2 million square meters, covering 25 countries and regions globally. The company has made positive progress in the Americas, Europe, the Middle East, and the Asia-Pacific region in 2025, driving high growth in overseas business.