Lates News

Nomura's report indicates that JD.com's third-quarter performance exceeded expectations, with revenue increasing by 15% year-on-year to 299 billion RMB, surpassing Bloomberg's expectations by 2%. Adjusted net profit significantly exceeded market expectations, benefiting from strong performance in JD Retail despite increased investments in the food delivery business. In addition, revenue from new business segments reached 15.6 billion RMB, a 214% year-on-year increase primarily driven by JD.com's food delivery service. The target price for JD.com's US stock remains at $43 with a "buy" rating.