Citigroup: JD.com Group-S (09618) set a record high for orders, maintains a "buy" rating.

According to the Wisdom Financial APP, Citigroup released a research report stating that the number of users placing orders during the activity period of JD.com-S (09618) reached a record high. Demand for services such as household, childcare, and home appliance installation is strong. The bank currently predicts that JD.com's total revenue in the second quarter will reach 342.5 billion yuan. The non-GAAP net profit is expected to reach 7.4 billion yuan, an increase of 0.4% year-on-year. Citigroup maintains a "buy" rating on JD.com (JD.US) and a target price of $39 in the US stock market.