--- title: "Pre-market trend | JD.com (JD) rebounded over 3% on May 12 with increased volume, is capital refocusing on Chinese concept stocks?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286154516.md" description: "Yesterday's closing price for JD.com rose by 3.14%, closing at $31.49, with a trading volume of approximately $609 million, indicating a noticeable increase in market participation enthusiasm. The MACD daily line established a bullish signal above the zero axis, technically showing that short-term buying power is shifting from a wait-and-see approach to active involvement, with initial signs of a warming phase trend emerging. The entire day's trend exhibited a pattern of opening low and rising high, maintaining a position in the high area of the day towards the end, with bulls controlling the market rhythm. The trading volume has increased compared to recent averages, with clear signs of capital inflow. On the news front, the Chinese concept e-commerce sector has recently continued to attract market attention. Amazon announced the expansion of its rapid delivery service to more cities across the U.S., prompting the market to reassess the valuation advantages of Chinese e-commerce giants while focusing on the evolution of the global e-commerce competitive landscape. As the leading self-operated e-commerce platform in China, JD.com has significant barriers in supply chain and logistics capabilities within the industry. Meanwhile, inflation data shows that consumers are facing greater cost-of-living pressures, which somewhat benefits e-commerce platforms that emphasize cost performance. However, Pinduoduo showed a bearish technical signal on the same day, indicating a clear divergence within the Chinese concept e-commerce sector, and the tendency of funds to choose between different targets is worth continuous tracking. From a technical perspective, the $31 level has been effectively surpassed, and short-term moving averages are beginning to turn upward. If today can maintain volume and hold above $30.5, the probability of challenging the $32-33 area is increasing. However, Chinese concept stocks are generally affected by macro geopolitical and policy disturbances, with Alibaba falling by 1.84% yesterday, creating uncertainty in the sector's linkage effects" datetime: "2026-05-13T13:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286154516.md) - [en](https://longbridge.com/en/news/286154516.md) - [zh-HK](https://longbridge.com/zh-HK/news/286154516.md) --- # Pre-market trend | JD.com (JD) rebounded over 3% on May 12 with increased volume, is capital refocusing on Chinese concept stocks? Yesterday's close saw JD.com's stock price rise by 3.14%, closing at $31.49, with a trading volume of approximately $609 million, indicating a noticeable increase in investor enthusiasm. The MACD daily line established a bullish signal above the zero axis, technically showing that short-term buying power is shifting from a wait-and-see approach to active participation, with initial signs of a warming phase trend emerging. The day's trading pattern exhibited a low open and high close, maintaining a position in the high range at the end of the day, with bulls controlling the market rhythm. The trading volume has increased compared to recent averages, with clear signs of capital inflow. On the news front, the Chinese concept e-commerce sector has recently continued to attract market attention. Amazon announced the expansion of its rapid delivery service to more cities across the U.S., prompting the market to reassess the valuation advantages of Chinese e-commerce giants while focusing on the evolution of the global e-commerce competitive landscape. As the leading self-operated e-commerce platform in China, JD.com has significant barriers in its supply chain and logistics capabilities. Meanwhile, inflation data shows that consumers are facing greater cost-of-living pressures, which somewhat benefits e-commerce platforms that emphasize cost-effectiveness. However, Pinduoduo showed bearish technical signals on the same day, indicating a clear divergence within the Chinese concept e-commerce sector, and the tendency of capital to choose between different targets is worth continuous tracking. From a technical perspective, the $31 level has been effectively surpassed, and short-term moving averages are beginning to turn upward. If today can maintain volume and hold above $30.5, the probability of challenging the $32-33 range is increasing. However, Chinese concept stocks are generally subject to significant disturbances from macro geopolitical and policy factors, with Alibaba falling by 1.84% yesterday, creating uncertainty in the sector's linkage effects. The short-term trend is biased towards bullishness, but the volatility of the Chinese concept sector remains higher than the broader market. On a macro level, rising inflation and uncertainty regarding the Federal Reserve's policy path continue to exert pressure on risk assets, and investors need to closely monitor how changes in the external environment affect capital flows in Chinese concept stocks. _This article provides only technical analysis and market information for reference and does not constitute any investment advice. 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