CICC: Expects JD.com's third-quarter retail revenue to be solid

CICC released a research report stating that it forecasts a steady performance in JD.com's retail revenue for the third quarter, with the group's third-quarter revenue growing 3.5% year-on-year to RMB 309.5 billion, non-GAAP net profit expected to rise 41% year-on-year to RMB 8.16 billion, and non-GAAP net margin reaching approximately 2.6%; the bank maintains JD.com's "Outperform" rating and a target price of US$36.