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JD Technology Subsidiary Takes Control of Qingdao AMC

CLSA Predicts JD's Q1 2026 Revenue

UBS publishes JD-SW's Q1 2023 earnings forecast

JD-SW to Release FY2026 Q1 Earnings on May 12 Pre-Market BJT, Forecast Revenue HKD 356.97 B

HKTVmall Launches Year-Long Sale to Counter JD's Strategy

JD Group Expands Group Catering Services Through Jiuxian Xiaochu

JD Showcases Trustworthy AI and Government Intelligent Body at Digital China Summit

JD Launches 8% Discount to Counter HKTVmall’s 85% Discount

JD Jingxi Announces 2026 Strategy, Extending 'Factory Goods Hundred Support' Program, Investing Over 1 Billion Yuan

JD Zhejiang Regional Center Project Design Scheme Announced

JD Property Development Secures Industrial Land in Guangzhou Huangpu for Robot Smart Park

JD Vice President Reveals Jingxi's 2025 Growth Data

JD Industrial and CHEC-BR Sign Strategic Cooperation Agreement, Deepen Supply Chain and MRO Procurement Collaboration

JD Launches AI Smart Hardware Project Recruitment Campaign

CSC Financial Reiterates Buy Rating and Target Price for JD.com

JD and ByteDance Acquiring Land for Headquarter Construction in Beijing and Hangzhou

JD and Gree Sign Deep Cooperation Agreement, Launch Full Package Air Conditioner Replacement Service

JD Service Partner Conference Announces Open Million Monthly Active Flow Entrance and Recruitment of Third-Party Tools

JD Property Development's First Smart Park in Shenzhen Begins Trial Operation

JD Launches New Product All-Region Billion Program

UBOT HOLDING

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DEEPEXI TECH

COSMOS MACH

ASIA PIONEER

POLYFAIR HLDGS

ENTERPRISE DEV

INVESTECH HLDGS

HAO WEN HLDGS

RICH GOLDMAN

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CLSA forecasts JD-SWrevenue to grow 4.4% YoY in 1Q26, despite challenges from reduced government subsidies and new business investments. Adjusted net profit is expected to decline 60% YoY to RMB5.1 billion. Retail revenue and profit are projected to remain flat, with electronics sales potentially dropping 10% YoY, while supermarket and fashion products may see double-digit growth. Losses from new ventures are estimated at RMB10 billion, but QoQ losses are expected to narrow. CLSA maintains an Outperform rating on JD.com, Inc.with a target price of USD41.

- CLSA reports that JD-SW (09618.HK) is anticipated to face challenges in Q1 2026 due to reduced government subsidies and new business investments.  
- The broker forecasts a 4.4% increase in total revenue but a 60% decline in adjusted net profit to RMB 5.1 billion, with retail revenue remaining flat overall.  
- JD.com may see improved profit recovery in the second half of 2026, maintaining an Outperform rating with a target price of USD 41.

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CLSA Expects JD-SW  1Q26 Revenue to Grow 4.4% YoY

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UBS has forecasted JD-SW's1Q26 results, predicting total revenue of RMB 311.241 billion, a 3.4% increase year-on-year. Merchandise revenue is expected to remain flat at RMB 242.309 billion, while service revenue is projected to rise by 17.3% to RMB 68.932 billion. Gross profit is estimated at RMB 48.84 billion, with a gross margin of 15.7%. Operating profit is forecasted to drop by 87.1% to RMB 1.503 billion. Non-GAAP net profit attributable to shareholders is expected to be RMB 5.793 billion, down 54.6%.

- UBS forecasts for JD-SW (09618.HK) in 1Q26 predict total revenue of RMB 311.241 billion, reflecting a 3.4% year-over-year increase.  
- Merchandise revenue is expected to remain flat at RMB 242.309 billion, while service revenue is projected to grow by 17.3% to RMB 68.932 billion.  
- Operating profit is anticipated to decline significantly by 87.1% to RMB 1.503 billion, contrasting with a notable increase in JD Logistics operating profit by 470.3% to RMB 0.827 billion.

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UBS Lists JD-SW  1Q26 Results Forecast (Table)

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Brokers anticipate JD-SW's 1Q26 adjusted net profit to decline by 56% YoY, with estimates ranging from RMB5.2 billion to RMB6.1 billion. The company is expected to report revenue growth of 2.9% to 4.7% YoY, with a focus on food delivery competition and strategic updates. Analysts predict a significant reduction in losses from new businesses, particularly in food delivery, which may positively impact full-year profit forecasts. Key areas of interest include management's insights on consumption trends, international business integration, and shareholder returns.

- JD-SW (09618.HK) will announce its 1Q26 results on May 12, with projections showing a significant YoY decline in net profit due to losses from new businesses.  
- The revenue forecast for 1Q26 ranges between RMB 309.7 billion and RMB 315.1 billion, reflecting modest growth, while anticipated losses in food delivery may narrow.  
- Analysts anticipate management will discuss consumption trends, competitive dynamics, and strategies, with potential upward revisions to profit forecasts if food delivery losses improve.

Morgan Stanley

Citigroup

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MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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CITIGROUP INC 6.250 NON CUM SER II PFD WI

Brokers Expect JD-SW  1Q26 Adjusted Net Profit to Drop 56% YoY, Focus on Food Delivery Competition and Strategy

A new regulation in Beijing prohibits the sale and transport of drones, requiring identity registration linked to each device. DJI stores are clearing their shelves as consumers rush to purchase drones before the ban takes effect. E-commerce platforms like Taobao and JD.com will also stop drone sales in the city. The regulation aims to enhance low-altitude safety, following incidents of unauthorized drone flights. Drone owners must register their devices with local police, complicating ownership for many enthusiasts.

- A new regulation in Beijing prohibits the sale and transport of drones, requiring registration linked to owner identities starting Friday.  
- DJI stores are experiencing high demand as customers rush to purchase drones before the ban, with e-commerce platforms like Taobao and JD.com halting sales in the capital.  
- The decision aims to enhance low-altitude safety due to previous unauthorized drone flights, impacting drone enthusiasts and prompting many to reconsider device ownership in the city.

SCMP

BABA-W

Alibaba

BABA-WR

Alibaba HK SDR 5to1

No-drone zone: DJI, consumers grapple with Beijing sales ban

JD-SW's Jingxi reported a remarkable 10x year-on-year surge in GMV, with order volume doubling in 2025. The annual repurchase rate reached 50%, and the number of merchants exceeded 1.35 million. At the 2026 JD Jingxi Industrial Belt Development Conference, the company announced plans to invest over RMB10 billion this year to support merchants through various initiatives, including logistics subsidies and AI-driven efficiency enhancements.

- Qi Ting, Vice President of JD-SW, announced at the 2026 JD Jingxi Industrial Belt Development Conference that Jingxi's order volume and GMV significantly increased in 2025, with order volume doubling and GMV growing tenfold year-on-year.  
- The number of merchants on Jingxi Xiaodian surpassed 1.35 million, with order volume and GMV rising by 60% and 50% respectively compared to the previous year.  
- For 2026, Jingxi will continue its "Factory Goods 100 Subsidies" program, investing over RMB 10 billion to support merchants with enhanced services and AI-driven efficiency improvements.

JD-SW  Jingxi's GMV Surges 10x YoY Last Year, To Invest Over RMB10B This Year

CSC Financial has reaffirmed a Buy rating on JD.com, Inc. Class A (9618) as of April 24, setting a price target of HK$155.35. The stock closed at HK$118.50, indicating a potential upside of 30%. Analyst consensus for JD.com is a Strong Buy with a target of HK$145.01, reflecting a 22.37% increase from current levels. UOB Kay Hian also maintains a Buy rating with a target of HK$155.00.

- CSC Financial analyst reaffirmed a Buy rating for JD.com, Inc. Class A on April 24, with a price target of HK$155.35.  
- The stock closed at HK$118.50, indicating a potential upside based on the analyst's projections.  
- Analyst consensus for JD.com is Strong Buy, with a target of HK$145.01, reflecting a 22.37% increase, supported by another Buy rating from UOB Kay Hian.

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UOB Kay Hian

CSC Financial Reaffirms Their Buy Rating on JD.com, Inc. Class A (9618)

CORRECTION FROM SOURCE: JD Bancshares, Inc. Declares Cash Dividend | JDVB Stock News

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CORRECTION FROM SOURCE: JD Bancshares, Inc. Declares Cash Dividend | JDVB Stock News

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- Andy Higginson will resign as chairman of JD Sports Fashion, with a formal announcement expected soon.  
- No prior indication suggested that his departure was imminent, and JD Sports declined to comment.  
- Higginson joined JD Sports in 2022 and previously held leadership positions at Morrisons and Tesco.

Reuters

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VanEck Retail ETF

Global X China Consumer

Amplify Online Retail ETF

Global X E-commerce ETF

ProShares Online Retail

Wm Morrison Supermarkets plc

Tesco PLC

Tesco

JD Sports Fashion chair Andy Higginson to step down, Sky News says

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UBS released investment ratings and target prices for Chinese technology stocks, including Tencent, Alibaba, JD, and several other companies. The specific ratings are as follows: Tencent (Buy, HKD 780), Meituan (Buy, HKD 128), Baidu (Buy, USD 170), Alibaba (Buy, USD 170), JD (Buy, USD 48), Pinduoduo (Buy, USD 198), Vipshop (Neutral, USD 20), NetEase (Buy, USD 180), Kuaishou (Buy, HKD 68), Tencent Music (Neutral, USD 13), NETEASE MUSIC (Buy, HKD 300), Bilibili (Buy, USD 37.5), iQIYI (Buy, USD 2.5), JOYY (Buy, USD 80), Weibo (Buy, USD 12.8), Hello Group (Buy, USD 8.8), China Literature (Buy, HKD 50), Focus Media (Buy, RMB 9.8), BOSS Zhipin (Buy, USD 23), Trip.com (Buy, USD 80), Tongcheng Travel (Buy, HKD 26.5), TAL Education (Buy, USD 19.5), New Oriental (Buy, USD 80), and Zhongjiao Holdings (Buy, HKD 4.1)

AASTOCKS

NETEASE MUSIC

TME-SW

Baidu

NetEase

iQIYI

KUAISHOU-W

MEITUAN

TENCENT

Tencent

Meituan

BIDU-SW

Vipshops

NTES-S

KUAISHOU-WR

Tencent Music

Bilibili

BILIBILI-W

JOYY

Weibo

WB-SW

Hello

CHINA LIT

Focus Media

Kanzhun

BOSS ZHIPIN-W

Trip.com

TRIP.COM-S

TONGCHENGTRAVEL

TAL Edu

New Oriental EDU & Tech

NEW ORIENTAL-S

CHINA EDU GROUP

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan HK SDR 5to1

BIDU-SWR

Trip.com HK SDR 50to1

UBS lists investment ratings and target prices for Chinese technology stocks (Table)

JP#JDCOMRP2810A(54551.HK)

CLSA Expects JD-SW 1Q26 Revenue to Grow 4.4% YoY

UBS Lists JD-SW 1Q26 Results Forecast (Table)

Brokers Expect JD-SW 1Q26 Adjusted Net Profit to Drop 56% YoY, Focus on Food Delivery Competition and Strategy

No-drone zone: DJI, consumers grapple with Beijing sales ban

JD-SW Jingxi's GMV Surges 10x YoY Last Year, To Invest Over RMB10B This Year

CSC Financial Reaffirms Their Buy Rating on JD.com, Inc. Class A (9618)

CORRECTION FROM SOURCE: JD Bancshares, Inc. Declares Cash Dividend | JDVB Stock News

JD Sports Fashion chair Andy Higginson to step down, Sky News says

UBS lists investment ratings and target prices for Chinese technology stocks (Table)