---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42312032.md"
description: "$JD.com(JD.US) dipped slightly. The recent trend has been this kind of grinding rhythm—the 6/18 sales report data is already out, and the next catalyst is waiting for the disclosure of the food delivery business structure in July. The major Chinese e-commerce stocks didn't show much movement today. Is a forward PE of 9x really the valuation floor, or do we need to wait for the back-to-school season in September plus the Double 11 pre-sales for a real rebound? I think it's more like the latter—cheap valuation corresponds to a profit center that isn't rising. Without a new story, it's hard to move independently. Just wait for the Q3 earnings report."
datetime: "2026-06-30T10:29:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42312032.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42312032.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42312032.md)
author: "[钉耙](https://longbridge.com/en/profiles/27353505.md)"
---

# $JD.com(JD.US) dipped slightly. The recent trend h…


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