JD (JD) Surge Continues with Further Expansion in Hong Kong Market

Sep 30, 2024

JD.com (JD, Financial) saw its stock rise over 7% in pre-market trading, poised to hit new highs at market open. Since mid-September, the stock has surged nearly 50%.

The company announced an investment of RMB 1.5 billion initially in the Hong Kong market, with no cap on long-term investment. This funding will primarily be used for product price subsidies, logistics subsidies, and service enhancements.

Additionally, JD.com will offer free delivery for orders over RMB 299 to Hong Kong users, covering self-operated categories such as electronics, home appliances, furniture, clothing, beauty products, and pet supplies.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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