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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

JD Auto and Deepblue Auto Jointly Launch L06 Extended Range Model and Launch Member Discount Purchase

EU Reviews JD's 2.5 Billion Dollar Acquisition Offer for Ceconomy

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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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KraneShares 2x Long JD Daily ETF

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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.

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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

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Alibaba

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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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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

SPDR S&P Retail ETF

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Global X China Consumer

Amplify Online Retail ETF

Global X E-commerce ETF

ProShares Online Retail

Wm Morrison Supermarkets plc

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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)

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New Oriental EDU & Tech

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Tencent HK SDR 10to1

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Meituan HK SDR 5to1

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Trip.com HK SDR 50to1

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

JD.com successfully acquired commercial land in the core area of Hangzhou Qianjiang Century City for RMB 663 million, planning to build a regional headquarters in Zhejiang with a total investment of approximately RMB 2 billion. The project will create a regional center that integrates office, technology, and JD MALL functions, with an expected employee count of over 4,000. The land transaction price is RMB 5,600 per square meter, with an area of 26,297 square meters, a floor area ratio of 4.5, and a building height not exceeding 100 meters and not less than 15 meters

JD.com won the commercial land in Hangzhou for 660 million RMB to establish its regional headquarters in Zhejiang

The AI assistant "Ganghua Tong" from the Hong Kong Generative Artificial Intelligence Research Center has reached a strategic cooperation with JD Jiaobao Supermarket to provide "AI + Retail" services. Both parties will conduct in-depth cooperation around user growth, service upgrades, and technology integration, promoting the integration of AI with retail scenarios to assist in the digital transformation of Hong Kong's retail industry. "Ganghua Tong" will upgrade the AI conversational shopping function of Jiaobao Supermarket, allowing users to complete product inquiries and place orders through voice interaction

Hong Kong Talk collaborates with Jia Bao Supermarket to provide "AI + Retail" services

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JD Property has completed the delivery of the Wigan project in the UK, deepening its infrastructure layout for the European supply chain. The project is located in the northwest of England, with a construction area of approximately 30,000 square meters, adjacent to major airports, and has multimodal transport advantages. JD Property will upgrade the existing buildings to enhance warehouse standards and operational efficiency, meeting modern supply chain demands. Currently, it has established over 30 high-standard warehousing facilities in the UK, Germany, and the Netherlands, with a total warehousing area in the UK exceeding 360,000 square meters

JD INDUSTRIALS

JINGDONG Property, Inc.

JD Property's Wigan project in the UK has completed its delivery, laying out a network of supply chain infrastructure in Europe

The State Administration for Market Regulation imposed administrative penalties on seven e-commerce platforms (Pinduoduo, Meituan, JD, Ele.me, Douyin, Taobao, and Tmall) due to the "ghost delivery" series of cases, with a total fine of 3.597 billion yuan, and suspended the addition of new cake shops for three to nine months. Each platform has expressed sincere acceptance of the penalties, committed to fulfilling food safety responsibilities, standardizing business processes, enhancing governance capabilities, and actively fulfilling social responsibilities

Seven e-commerce platforms in mainland China stated that they sincerely accept the penalties from the State Administration for Market Regulation and all expressed their firm commitment to fulfilling food safety responsibilities

Arete Research has upgraded JD.com (NASDAQ:JD) from a "neutral" to a "buy" rating. Other analysts have mixed views, with Susquehanna lowering its price target to $30 and maintaining a "neutral" rating, while Sanford C. Bernstein raised its target to $36 with an "outperform" rating. JD.com currently has a consensus rating of "Moderate Buy" and a target price of $36.86. The stock traded at $31.90, with a market cap of $45.70 billion and a P/E ratio of 18.12. JD.com is a leading Chinese e-commerce platform offering a wide range of consumer goods.

- JD.com was upgraded to a "buy" rating by Arete Research, while various analysts provided mixed ratings adjusting price targets from $30.00 to $36.00.  
- The company reported revenue of $50.35 billion and earnings per share (EPS) of $0.04 for the last quarter, with a market cap of $45.70 billion.  
- Despite a consensus rating of "Moderate Buy," JD.com is not currently favored among top-rated analysts, who suggest alternative stocks for investment.

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Arete Research Upgrades JD.com (NASDAQ:JD) to Buy

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$JD-SW(09618.HK)I added 50 JD shares to my current position yesterday. I remain committed to holding it for the long term. Market sentiment can be challenging at times but I try to stay grounded and patient when others are fearful. My conviction comes from the company’s world-class logistics infrastructure and I believe the broader e-commerce business offers meaningful long-term value. Let’s go my green dragon 🐉

JD HK SDR 10to1

$JD-SW(09618.HK)I love JD because of its huge logistics advantage and improving margins. Right now, JD is a deep value stock and it will not stay under the radar for long. I am not missing this opportunity. That is my top pick and I am going to hold on for it😁

Hmmm… why am I getting USD dividends from a Hongkong stock exchange? And there is a conversation rates charges too?

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$JD-SW(09618.HK) when dividend come in for @Longbridge Singapore ?

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In the Chinese equity markets, there is only one immutable law: capital is transient, but the regulatory state is eternal.Just as global investors began to confidently price in the end of the tech cra...

Alibaba, JD, PDD, and Meituan Fined $528M. Investors Cheer. Why and which to buy?

Chinese authorities imposed a total penalty of about $528 million on seven major food delivery platforms for food safety violations, including failure to filter unqualified merchants and ghost shops. $Alibaba(BABA.US)’s platforms were among those hit, alongside $PDD(PDD.US), $JD.com(JD.US), Meituan and Douyin. This is reportedly the largest such penalty since the 2015 food safety law. Platforms were ordered to rectify issues and suspend some merchants.@Bridge Buzz SG

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Good news.Daiwa has just raised JD.com's target price to RMB175 yuan , about HKD 200, and maintained a &#34;Buy&#34; rating.Suddenly so many analysts upgrade JD to “Buy” rating 😉.

$JD-SW(09618.HK)🌍 JD.com (9618.HK) From Local Leader to Global Player: Why Analysts Love JD.com’s Strategy.🤔For the past 24 hours top-tier analysts from DBS, Morgan Stanley and Citi are doubling down on JD.com, fueled by its massive pivot into Europe and Southeast Asia.🔷Global Fundamentals:JD is no longer just a “China play.” In Europe, JD has secured a dominant foothold by acquiring Ceconomy (MediaMarkt/Saturn) and investing in Fnac Darty, giving it an instant network of over 1,000 physical stores. This unique “brick-and-click” strategy combines JD’s world-class logistics with a massive European retail footprint.Across Asia, JD Logistics is rapidly scaling, now offering express delivery in Singapore, Malaysia, and Thailand. Their “10 Billion Growth Plan” aims to bridge 1,000 global brands directly to China’s middle class, cementing JD’s role as the premier global supply chain gateway.🔷Analyst Targets:🟢DBS: Buy | Target: HK$150.00🟢Morgan Stanley: Overweight | Target: US$35.00 (ADR)🟢Citi: Buy | Strong focus on supply chain moats.With a massive consensus upside of ~42%, JD is positioning itself as a global logistics powerhouse. 🛒📈

$JD-SW(09618.HK) I have been holding this stock for a while now, still in the red. I still believe this stock under value, going to DCA every month untill it goes back up.

$JD-SW(09618.HK)JD remains my high-conviction value play. With its massive logistics moat, improving margins and an attractive 3.56% dividend yield. JD offers deep value despite temporary market sentiment. Patience is key.

$Alibaba(BABA.US) saw a mild net outflow worth US$15.3m today as markets reopened weighed down by Trump’s threat to blockage the Strait of Hormuz in order to force Iran to remove its own blockade. Also, China’s cyber regulator prohibits platforms from granting of livestream tipping. But news also that Michael Burry added shares in $Alibaba(BABA.US) and $JD.com(JD.US).@Bridge Buzz SG

$JD-SW(09618.HK)JD is one of my highest-conviction holdings in my portfolio. That is what true value investing looks like. Great company ✅Temporary sentiment ❌JD’s logistics moat, automation advantage and e-commerce resilience are not priced for the long term. Margins are improving. Buybacks are real. The business keeps executing while others chase hype.Value investing means holding when conviction is strong but prices do not yet reflect it. JD is profitable and undervalued.I am not timing the market. I am trusting the business and love the dividend yield of 3.56%. Holding with patience.Not advice. Just value investing in action😁.

UB#JDCOMRC2805V(53965.HK)

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)