JP-JDHI@EC2609A

JD Health to Release FY2025 Earnings on March 5, Pre-Market (BJT), Forecast Revenue HKD 80.95 B, EPS HKD 1.7566

JD Instant Medication Delivery Business Surpasses Expectations

HSBC Raises Target Prices for JD Health and Alibaba Health

CLSA Raises JD Health's Target Price and Profit Forecast

JD Health Inspection Center Aims to Establish a Professional 'Third Pole' in China's Health Check Industry

JD Health Launches the 2.0 Version of JD ZHUOYI

JD Health Unveils AI-driven Clinical Nutrition Management Solution

JD Health Builds AI Health Service Matrix, Launches Over 1,500 AI Expert Doctor Intelligent Bodies

JD Health Launches Evidence-based Medicine AI Product 'Zhiyi'

JD Health Deepens Cooperation with Haleon to Expand Health Services

JD Health Announces Increased Investment in Medical Devices Sector

JD Health Strengthens Specialty Disease System Construction, Offers One-stop Closed-loop Services

Huatai Securities Upgrades Jingdong Health's Profit Forecast and Maintains Buy Rating

JD Health International Sees 3.0% Stock Price Increase, Equity Structure Shows Potential Risks

Nomura expects JD Health's 2025 H2 performance to exceed market expectations

CICC Upgrades JD Health's Revenue and Profit Forecast and Maintains Outperform Industry Rating

JD Health Launches Billion-Yuan Brand Alliance for Digital Upgrade of Corporate Health Consumption Market

JD Health Announces New Progress in Tumor Prevention and Treatment with Medical Large Models

Morningstar Maintains JD Health's Valuation at HKD 58

JD Health deepens cooperation with Lau Shing to improve logistics efficiency

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FULUM GP HLDG

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MS CONCEPT

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PUTIAN COMM

SIWI SCI & TECH

REGAL PARTNERS

EPI (HOLDINGS)

NANFANG COMM

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TIANQI LITHIUM rose over 6%, Ganfeng Lithium rose over 5%

Wallstreetcn

TIANQI LITHIUM

GANFENGLITHIUM

Hang Seng TECH Index

Hang Seng Index

Ganfeng Lithium

The Hang Seng Index opened up 0.95%, and the Hang Seng TECH Index rose 0.46%

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JD.com founder Richard Liu has launched a new yacht brand, Sea Expandary, with a focus on creating affordable, 100% green yachts. Liu is investing 5 billion yuan (approximately S$919.3 million) to compete globally but will not be involved in daily operations. The brand plans to establish a manufacturing base in Zhuhai and headquarters in Shenzhen, and has signed agreements with local governments. China's yacht fleet has nearly doubled in three years, reflecting the growth of the urban middle class and high net-worth individuals.

- Richard Liu, founder of JD.com, has launched an independent yacht brand, Sea Expandary, with a goal to create affordable, fully green yachts.  
- Liu is investing five billion yuan to compete in the global yacht market and will focus primarily on JD.com while not participating in day-to-day operations.  
- Sea Expandary plans to establish a manufacturing base in Zhuhai, participate in marina operations, and has signed agreements with local governments to support its development in response to China's growing demand for leisure goods.

Businesstimes News

KraneShares 2x Long JD Daily ETF

JD HEALTH

JD LOGISTICS

JD.com

JD-SW

JD.com’s founder Richard Liu launches yacht brand

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JD.com's financial landscape in Hong Kong is evolving from compliance-level entry permits to brand building at the commercial level. According to publicly available information from the Hong Kong Intellectual Property Department, Bei…

- JD.com is expanding its financial services in Hong Kong with a recent trademark application for "JDA JD Insurance Consultant," which covers a wide range of financial services beyond traditional insurance.  
- The company has acquired an insurance brokerage license and is actively building a team, signaling a significant step in establishing its brand in the competitive Hong Kong insurance market.  
- While JD.com adopts a unique asset-light strategy compared to competitors, it faces challenges in adapting its successful mainland operations to the mature and heavily regulated Hong Kong market.

From obtaining the license to building the brand: JD.com has submitted the "Insurance Consultant" trademark

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The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 154 points to 26,745 points, and the National Index and Hang Seng Tech Index increasing by 61 points and 45 points, respectively. Technology stocks generally rebounded, with JD.com, Alibaba, and Meituan each opening 1.2% higher, while Tencent and Baidu saw slight increases. In the automotive sector, Li Auto and XPeng opened 1.5% and 2.8% higher, respectively. Financial stocks saw HSBC opening 0.4% higher, while Standard Chartered opened 1.2% lower. Real estate stocks New World Development and Cheung Kong Holdings opened lower

AASTOCKS

XPENG-W

ALI HEALTH

MEITUAN

Alibaba

TENCENT

CSOP HS TECH

Guotai CSI Computer Theme ETF

Dacheng Hang Seng Technology ETF(QDII)

CAM HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

EBIZ

ONLN

IBUY

JD.com is currently trading at US$27.23, reflecting significant declines over various time frames. A Discounted Cash Flow (DCF) analysis suggests it is undervalued by 47.4%, with an intrinsic value of US$51.72 per share. Additionally, its P/E ratio of 8.29x is below industry averages, indicating further undervaluation. Analysts project future cash flows in the tens of billions of CN¥, suggesting potential growth. Different narratives about JD.com's future performance could lead to varying fair value estimates, ranging from US$28.36 to US$82.68 per share.

- JD.com closed at US$27.23, reflecting significant declines in various timeframes, raising questions about its valuation amidst competition in Chinese e-commerce.  
- A Discounted Cash Flow analysis suggests an intrinsic value of US$51.72 per share, indicating the stock is undervalued by 47.4%.  
- Additionally, JD.com’s P/E ratio of 8.29x is below industry averages, reinforcing the perception of undervaluation based on market expectations and growth prospects.

Simplywall

Global X E-commerce ETF

SPDR S&P Retail ETF

ProShares Online Retail

Amplify Online Retail ETF

VanEck Retail ETF

Is JDcom (JD) Now Pricing In Too Much Pessimism After Prolonged Share Price Weakness

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In terms of sectors, leading technology stocks, semiconductors, non-ferrous metals, and new energy vehicle stocks performed well, with Zijin Mining, Meituan, and SMIC rising over 5%; large model concept stocks retreated, with KNOWLEDGE ATLAS falling nearly 23% and MINIMAX dropping over 13%

- On February 23, the Hang Seng Index and the Hang Seng Tech Index experienced strong fluctuations, with the Hang Seng Index rising 2.53% and the Hang Seng Tech Index increasing 3.34%.  
- Notable performers included Zijin Mining, Meituan, and SMIC, each rising over 5%, while stocks like Zhicheng dropped nearly 23% following prior gains.  
- In the gold sector, China Gold International saw a rise of over 6%, and the significant increase in gold prices has reached over 5,100 USD.

KNOWLEDGE ATLAS

ZIJIN MINING

Meituan

SMIC

Zijin Mining

iShares Semiconductor ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

VanEck Semiconductor ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

ICBCCS CNI HK Connect Technology ETF

ChinaAMC Guozheng Semiconductor Chip ETF

SPDR S&P Semicon

Hang Seng TECH surged over 3%, Meituan rose over 5%, while the "dual giants of large models" KNOWLEDGE ATLAS and MINIMAX showed significant pullbacks

This year's Spring Festival holiday saw strong demand for robot rentals, with JD.com data showing a month-on-month increase in transaction value of over 100%, and orders have been scheduled until mid-March. However, rental prices are rapidly declining. At the beginning of 2025, the daily rental fee for humanoid robots reached as high as 20,000 yuan, but now the daily rental fee for dancing robots has dropped to about 6,000 yuan, while non-dancing robots range between 2,000 and 4,000 yuan, with the 6,000 yuan fee including operator and transportation costs

Increased volume and decreased prices! Robot performance rental "breaks out"

IBIT

GBTC

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The release of Document No. 42 emphasizes strict regulation of overseas Real World Assets (RWAs) linked to domestic assets. CICC Hong Kong has initiated contact with public blockchains and exchanges for potential cooperation. Executives from public blockchains are seeking partnerships with investment banks, while Ant Group and JD.com are concerned about the regulatory changes. The document clarifies that RWAs with Hong Kong assets are exempt from these regulations, but those using domestic securities or funds for overseas issuance will be regulated by the China Securities Regulatory Commission (CSRC).

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Grayscale Bitcoin Trust BTC - ETF

ARK 21Shares Bitcoin ETF

VanEck Bitcoin ETF

Invesco Galaxy Bitcoin ETF

ANT GROUP

CoinShares Bitcoin ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Franklin Bitcoin ETF

WisdomTree Bitcoin Fund

Bitwise Bitcoin ETF

Amplify Transform Data Sharing ETF

ProShares Bitcoin Strategy ETF

Caixin: Document No. 42 emphasizes strict regulation of overseas RWA; CICC Hong Kong has contacted public blockchains and exchanges.

On February 20, 2026, JD.com, Inc. stated its intention to unveil the unaudited financial results for the fourth quarter and full year of 2025 on March 5, 2026, prior to the U.S. market opening. As a prominent supply chain-focused technology and service firm, JD.com, Inc. operates under the tickers JD on NASDAQ and 9618 (HKD counter) and 89618 (RMB counter) on HKEX.

Unusual Whales

Proshares Supply Chain Logistics ETF

JD.com to report Q4 and full year 2025 financial results on March 5, 2026.NASDAQ: JD, HKEX: 9618. Released before market opens.

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KNOWLEDGE ATLAS(02513) rose 42.72%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 523.9%. MINIMAX-WP(00100) rose 14.52%, with a trading turnover 3.5 Billion HKD, and a year-to-date rose 487.9%. JD HEALTH(06618) fell 6.27%, with a trading turnover 341.2 Million HKD, and a year-to-date rose 2.4%. BIDU-SW(09888) fell 6.25%, with a trading turnover 2.5 Billion HKD, and a year-to-date fell 1.9%.

- The Hang Seng Index fell by 1.1%, with a year-to-date increase of 3.1%, while the Hang Seng Tech Index decreased by 2.91% and is down 5.5% year-to-date.  
- Notable stocks include Zhizhi (02513), which rose by 42.72% with a turnover of 3.24 billion HKD, and MINIMAX-WP (00100), which gained 14.52% with a turnover of 3.53 billion HKD.  
- Conversely, JD Health (06618) and Baidu-SW (09888) declined by 6.27% and 6.25%, respectively, with year-to-date performances of 2.4% and -1.9%.

Top Gainers & Losers

MINIMAX-WP

CHINA RAILWAY

SANHUA

BEONE MEDICINES

BIDU-SW

HUA HONG SEMI

TME-SW

CTG DUTY-FREE

Top 5 HK Stock Gainers/Losers (>100B) (2.20)

Driven by the robot program during the Spring Festival Gala in the Year of the Horse, JD.com saw a 150% increase in order volume. Two hours into the gala, the search volume for robots increased by over 300%, and customer service inquiries rose by 460%. New orders came from more than 100 cities nationwide, covering both first-tier cities and county markets. JD Logistics stated that with the increase in robot consumption, the demand for after-sales service has risen, and repair orders continue to grow. Repair centers have been established in eight major provinces across the country to provide on-site repair services

JD.com's robot order volume increased by 150%

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BABX

Meituan, China's leading online-to-offline services company, anticipates a loss of up to 24.3 billion yuan for 2025, with a fourth-quarter loss of approximately 15.7 billion yuan. This marks an improvement from a 18.6 billion yuan loss in the third quarter. The company faces intense competition in the instant commerce sector from Alibaba and JD.com, prompting significant spending on marketing and promotions. Meituan's stock has halved in value over the past year, reflecting the impact of the ongoing price war and increased operational costs.

benzinga_article

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Instant Commerce War Takes A Toll On Meituan

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On February 16, Hong Kong stocks showed mixed performance, rebounding above the 27,000 mark on Monday and closing at 26,567 on Friday, with only an 8-point increase during the week. Northbound capital will pause until next Tuesday, recording a net inflow of HKD 20.2 billion before the holiday on Friday. Meituan's profit warning affected its stock price, which may drag down Alibaba and JD.com. The Hang Seng Index cannot afford to fall below the 26,200 level; if it fails to rise above 27,000, the market outlook will be relatively bearish. The short-term trading range for Hong Kong stocks is approximately 26,000-27,000, with only a half-day market today

- On February 16, Hong Kong stocks exhibited volatile performance, closing the week with only an 8-point increase.  
- The market is expected to open slightly lower as Northbound capital pauses until next Tuesday, with investors likely to be cautious ahead of the Chinese New Year holiday.  
- Concerns over Meituan's prolonged path to profitability may pressure its stock and impact others like Alibaba and JD, with key support levels around 26200 to watch for potential declines.

Stheadline

Hwabao CSI HK Equities Internet ETF

China Southern Hang Seng ETF

Yinhua MSCI China A ETF

ChinaAMC Hang Seng ETF

BABA-W

E Fund CSI HK Connect Internet ETF

Krne Csi China Internet

The half-day market closes early during the Spring Festival holiday | Gu Tianhou

$XTALPI(02228.HK) Goldman Sachs launched the &#34;China AI Healthcare Index&#34; today, with Pharmaron as the top-weighted stock $ALI HEALTH(00241.HK)$JD HEALTH(06618.HK)$PA GOODDOCTOR(01833.HK)$YIDU TECH(02158.HK)$MircroPort Medbot-B(02252.HK)

JP-JDHI@EC2609A(25132.HK)

The Hang Seng Index opened up 0.95%, and the Hang Seng TECH Index rose 0.46%

JD.com’s founder Richard Liu launches yacht brand

From obtaining the license to building the brand: JD.com has submitted the "Insurance Consultant" trademark

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

Is JDcom (JD) Now Pricing In Too Much Pessimism After Prolonged Share Price Weakness