Lates News

Goldman Sachs released a research report stating that the growth rate of orders for JD.com's food delivery business, launched for less than two months, has exceeded expectations, reaching one-sixth of the daily order volume of its competitor Meituan. Goldman Sachs believes that the risk-return of JD.com is attractive and maintains a "buy" rating, as well as placing it on the list of confident buy ratings. Goldman Sachs also gave a "buy" rating to Meituan, believing that the valuation has an upward trend. Once the competitive landscape stabilizes, both companies have significant upside potential in their target prices.