JD.COM logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 22 (Reuters) - The European Commission on Wednesday outlined its objections to Chinese e-commerce giant JD.com (9618.HK), opens new tab over its acquisition of German electronics retailer Ceconomy (CECG.DE), opens new tab as it stepped up its investigation into the deal.
"The issuing of a statement of grounds is a formal step in an investigation under the Foreign Subsidies Regulation where the Commission informs the companies concerned in writing of the objections raised against them," the EU executive said.
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The EU charge sheet confirmed a Reuters story earlier on Wednesday.
Reporting by Foo Yun Chee
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Item 1 of 3 Employees work as parcels move along conveyor belts at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov/File Photo
[1/3]Employees work as parcels move along conveyor belts at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov/File Photo Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 22 (Reuters) - JD.com (9618.HK), opens new tab is set to be hit with formal subsidy charges over its $2.5 billion bid for German electronics retailer Ceconomy (CECG.DE), opens new tab, people familiar with the matter said, a move that could force the Chinese e-commerce giant to offer substantial remedies.
The charges, known as a statement of grounds under the Foreign Subsidies Regulation, are similar to a statement of objections or charge sheet under EU merger rules where regulators outline specific concerns, which must be addressed by companies or risk a veto on the deal.
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The charges, the first under the FSR, will be sent in the coming days and could come as early as Wednesday, one of the people said.
JD.com said the statement of grounds is a normal procedural step.
"We remain confident the transaction supports Europe's broader objectives around innovation and competitiveness. We continue to expect a positive conclusion of the process in the second half of 2026," the company said.
The European Commission, which polices unfair foreign state aid, declined to comment.
In May, it opened a full-scale investigation into the deal, warning that JD.com may be receiving preferential financing, tax incentives and grants from the Chinese government that may have helped the company offer a higher price for Ceconomy.
The acquisition will allow one of China's largest retailers to expand outside its home market via Ceconomy-owned electronic products retailers MediaMarkt and Saturn.
The EU charges will come after the July 1 introduction of a €3 customs duty on previously exempt low-value packages and ahead of a forthcoming handling fee as the European Union seeks to curb what it calls unfair competition from largely Chinese retailers such as Shein, Temu and AliExpress.
The number of e-commerce parcels arriving in the bloc has surged, reaching 5.8 billion in 2025 from 1.4 billion in 2022.
Reporting by Foo Yun Chee, additional reporting by Philip Blenkinsop; Editing by Joe Bavier and Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
JD.com, Inc. (JD - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned +7.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
JD.com is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +24.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -3%.
For the current fiscal year, the consensus earnings estimate of $3.14 points to a change of +23.1% from the prior year. Over the last 30 days, this estimate has changed +2.7%.
For the next fiscal year, the consensus earnings estimate of $3.67 indicates a change of +16.6% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +6.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of JD.com, the consensus sales estimate of $51.55 billion for the current quarter points to a year-over-year change of +3.5%. The $203.97 billion and $214.91 billion estimates for the current and next fiscal years indicate changes of +11.1% and +5.4%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
JD.com, Inc. (JD - Free Report) closed at $29.68 in the latest trading session, marking a +1.37% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Shares of the company have appreciated by 4.91% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 0.51%, and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of JD.com, Inc. in its upcoming earnings disclosure. On that day, JD.com, Inc. is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 24.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $51.55 billion, up 3.53% from the year-ago period.
JD's full-year Zacks Consensus Estimates are calling for earnings of $3.14 per share and revenue of $203.97 billion. These results would represent year-over-year changes of +23.14% and +11.06%, respectively.
Investors should also note any recent changes to analyst estimates for JD.com, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.71% higher. JD.com, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, JD.com, Inc. is currently trading at a Forward P/E ratio of 9.31. This expresses a discount compared to the average Forward P/E of 17.09 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is JD.com (JD - Free Report) . JD is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.48 right now. For comparison, its industry sports an average P/E of 21.92. Over the last 12 months, JD's Forward P/E has been as high as 11.39 and as low as 6.57, with a median of 8.65.
Finally, investors will want to recognize that JD has a P/CF ratio of 7.89. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.99. JD's P/CF has been as high as 11.82 and as low as 6.65, with a median of 7.92, all within the past year.
These are only a few of the key metrics included in JD.com's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, JD looks like an impressive value stock at the moment.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JD.com, Inc. (JD - Free Report) .
JD.com currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 19 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 79.2% and 8.3% of all recommendations.
Brokerage Recommendation Trends for JD
Check price target & stock forecast for JD.com here>>>
While the ABR calls for buying JD.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is JD Worth Investing In?Looking at the earnings estimate revisions for JD.com, the Zacks Consensus Estimate for the current year has increased 2.3% over the past month to $3.14.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for JD.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for JDcom may serve as a useful guide for investors.
JD.com, Inc. (JD - Free Report) closed the last trading session at $28.88, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $40.45 indicates a 40.1% upside potential.
The average comprises 21 short-term price targets ranging from a low of $27.00 to a high of $50.00, with a standard deviation of $5.43. While the lowest estimate indicates a decline of 6.5% from the current price level, the most optimistic estimate points to a 73.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in JD. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in JDThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 2.3% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, JD currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much JD could gain, the direction of price movement it implies does appear to be a good guide.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Heartland Express, Inc. (HTLD - Free Report) : This truckload carrier and transportation services company has seen the Zacks Consensus Estimate for its current year earnings increasing 25% over the last 60 days.
Methanex Corporation (MEOH - Free Report) : This methanol and ammonia company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 14% over the last 60 days.
nCino, Inc. (NCNO - Free Report) : This software-as-a-service company has seen the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days.
JD.com, Inc. (JD - Free Report) : This supply chain-based technologies and services company has seen the Zacks Consensus Estimate for its next year earnings increasing 10.5% over the last 60 days.
BrainsWay Ltd. (BWAY - Free Report) : This company that manufactures non-invasive neurostimulation treatments for mental health disorders has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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JD.com, Inc. (JD - Free Report) closed the most recent trading day at $28.20, moving +1.66% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.29%.
Shares of the company have depreciated by 1.14% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.24%, and the S&P 500's gain of 2.2%.
The investment community will be closely monitoring the performance of JD.com, Inc. in its forthcoming earnings report. On that day, JD.com, Inc. is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 17.39%. In the meantime, our current consensus estimate forecasts the revenue to be $52.83 billion, indicating a 6.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.14 per share and a revenue of $204.58 billion, demonstrating changes of +23.14% and +11.39%, respectively, from the preceding year.
Any recent changes to analyst estimates for JD.com, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.34% higher. JD.com, Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, JD.com, Inc. is currently trading at a Forward P/E ratio of 8.83. This represents a discount compared to its industry average Forward P/E of 16.81.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
A tech rotation out of South Korea is the main reason Henry Greene sees pushing Chinese interest stocks higher. Those rallies are seen in names like Alibaba (BABA), JD.com (JD), and Baidu (BIDU).
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. ("JD" or the "Company") (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China's State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD's American Depositary Receipt ("ADR") price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China’s State Administration for Market Regulation summoned JD representatives “over what officials said was false advertising during the annual ‘618’ midyear online shopping festival.”
On this news, JD’s American Depositary Receipt (“ADR”) price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
JD.com, Inc. (JD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned -6.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has lost 0.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
JD.com is expected to post earnings of $0.81 per share for the current quarter, representing a year-over-year change of +17.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $3.14 for the current fiscal year indicates a year-over-year change of +23.1%. This estimate has changed +2.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.67 indicates a change of +16.7% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +6.8%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, JD.com is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of JD.com, the consensus sales estimate of $52.83 billion for the current quarter points to a year-over-year change of +6.1%. The $204.58 billion and $215.92 billion estimates for the current and next fiscal years indicate changes of +11.4% and +5.5%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China’s State Administration for Market Regulation summoned JD representatives “over what officials said was false advertising during the annual ‘618’ midyear online shopping festival.”
On this news, JD’s American Depositary Receipt (“ADR”) price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
JD.com is a leading Chinese e-commerce platform with mid-single-digit top line growth and a 5.9x forward P/E valuation. JD Retail, the core business, drives 85% of revenues and relies heavily on new partnerships with major appliance brands. I am bullish on JD's aggressive AI-driven CapEx, which is expected to modernize the platform, boost engagement, and potentially expand gross margins and free cash flow.
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JD.com, Inc. (“JD” or “the Company”) (NASDAQ: JD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. JD is the subject of a Bloomberg report published on June 11, 2026, reporting that China’s State Administration for Market Regulation had summoned the Company’s representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. ("JD" or the "Company") (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China's State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD's American Depositary Receipt ("ADR") price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
JD.com, Inc. remains a Strong Buy, supported by compelling sum-of-the-parts valuation and a fortress balance sheet. Food delivery subsidy war is de-escalating, reducing cash burn and improving margin outlook, with sequential narrowing of losses already visible. Retail operating margin is expanding, driven by a shift toward higher-margin general merchandise and services, while logistics and marketplace segments show robust growth.
I have closed my short position in the Direxion Daily FTSE China Bull 3x ETF and am now neutral on the fund. Despite China's relative undervaluation and improved macro backdrop, YINN's leveraged structure poses significant long-term risks. Chinese equities continue to have value trap risk, as many listed firms don't return much cash to shareholders.
JD.com, Inc. (JD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this company have returned -9.7%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Internet - Commerce industry, which JD.com falls in, has lost 6.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
JD.com is expected to post earnings of $0.84 per share for the current quarter, representing a year-over-year change of +21.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $3.19 for the current fiscal year indicates a year-over-year change of +25.1%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.62 indicates a change of +13.8% from what JD.com is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of JD.com, the consensus sales estimate of $52.83 billion for the current quarter points to a year-over-year change of +6.1%. The $204.15 billion and $215.2 billion estimates for the current and next fiscal years indicate changes of +11.2% and +5.4%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
JD.com, Inc. (JD - Free Report) closed the most recent trading day at $27.03, moving -1.98% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
Shares of the company witnessed a loss of 9.67% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.65%, and the S&P 500's gain of 2.02%.
The upcoming earnings release of JD.com, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.84, signifying a 21.74% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $52.83 billion, indicating a 6.11% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.19 per share and a revenue of $204.15 billion, demonstrating changes of +25.1% and +11.16%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for JD.com, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. JD.com, Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that JD.com, Inc. has a Forward P/E ratio of 8.66 right now. This represents a discount compared to its industry average Forward P/E of 16.45.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 105, placing it within the top 44% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China’s State Administration for Market Regulation summoned JD representatives “over what officials said was false advertising during the annual ‘618’ midyear online shopping festival.”
On this news, JD’s American Depositary Receipt (“ADR”) price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
The e-commerce giant has expanded aggressively in Hong Kong over the last year, acquiring commercial buildings, a supermarket chain and establishing an extensive logistics network
image credit: Bamboo Works
Key Takeaways: JD.com has been expanding aggressively into Hong Kong, with plans to open multiple signature JD Malls in the city over the next three years The e-commerce giant's Hong Kong expansion will directly challenge longtime local leaders like ParkNShop, Fortress and Watsons Among China's leading e-commerce players, JD.com has been the only one to place Hong Kong so squarely in its sights. Last year, the company acquired Kai Bo Food Supermarket, a popular mass-market grocery chain, moving wholeheartedly into the city's hotly contested grocery space. It wasted no time from there, adding 10 new Kai Bo branches over the last year to take it past the 100-store milestone.
While that was happening, the company's JD Logistics (2618.HK) unit was setting up hubs across the city, covering all 18 districts, to support product delivery and installation services.
$450 million headquartersLast year, JD.com also acquired 50% of the China Construction Bank Tower in Hong Kong's Central financial district for nearly HK$3.5 billion, providing a high-profile base to use as its headquarters in the city.
The company's JD Health (6618.HK) is also already active in Hong Kong, supplying healthcare and medical aesthetic products, as well as medications targeting several specific categories of diseases. It also provides online health consultation services and is developing a local elderly care business.
This particular store is full of promotional gimmicks. In addition to a free massage area, it will provide complimentary coffee, and an esports arena alongside several designated photo-op spots for social media check-ins. JD.com has disclosed future locations will be equally big, with floor areas ranging from 30,000 to 80,000 square feet.
Limited retail scale in Hong KongJD.com's Hong Kong onslaught involves substantial investments, even though the city boasts a relatively small population of just 7 million. Which raises the question of whether it's really worth it to spend such vast sums to conquer this relatively small city.
Data from the Hong Kong Census and Statistics Department shows the total value of the city's retail sales stood at around HK$380 billion over the last two years. That was just a fraction of figures for the nearby mega-cities of Guangzhou and Shenzhen, which logged 1.1 billion yuan ($163 million) and 1.03 billion yuan, respectively. Even the smaller nearby cities of Dongguan and Foshan achieved 445 billion yuan and 395 billion yuan, respectively.
Challenging a hometown championMany of the business lines that JD.com is expanding in Hong Kong will also bring it into direct competition with CK Hutchison Holdings (0001.HK), the flagship of Li Ka-shing, the city's richest man. Among other things, the conglomerate owns the ParkNShop supermarket chain, Fortress electronics stores, and the Watsons personal health and pharmacy chain. Challenging such an entrenched rival won't be easy.
In the supermarket realm, Hong Kong is already quite saturated with established chains ParkNShop and Wellcome, complemented by the more recent arrival of HKTVmall. With such established rivals, JD.com could well face challenges making inroads with Kai Bo as its main vehicle, especially when one considers the grocery business' razor-thin margins.
When it comes to electronics, another one JD.com's strengths, Hong Kong already has its own pool of established players like Fortress, alongside Broadway, as well as China's own Suning chain of stores, and online platforms HKTVmall and Yoho (2347.HK).
Unremarkable appealThen there are the new JD Mall experience shops. Some simple calculation based on local rates shows the monthly rent for the first such shop in the pricey Wan Chai district would amount to a similarly large sum of nearly HK$20 million annually. Given thin profit margins for electronics, such high rental costs won't be easy to recoup through simply product sales.
The inaugural JD Mall's site selection also wasn't ideal, not at ground-level and mostly accessible via connecting footbridges, and distant from popular tourist shopping hotspots.
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JD.com, Inc. (JD - Free Report) .
JD.com currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 19 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 79.2% and 8.3% of all recommendations.
Brokerage Recommendation Trends for JD
Check price target & stock forecast for JD.com here>>>
While the ABR calls for buying JD.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in JD?In terms of earnings estimate revisions for JD.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.19.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for JDcom.
JD.com, Inc. (JD - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned +1.3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has gained 2.8% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, JD.com is expected to post earnings of $0.92 per share, indicating a change of +33.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $3.13 points to a change of +22.8% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $3.57 indicates a change of +14.2% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed -0.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, JD.com is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For JD.com, the consensus sales estimate for the current quarter of $52.83 billion indicates a year-over-year change of +6.1%. For the current and next fiscal years, $204.15 billion and $215.2 billion estimates indicate +11.2% and +5.4% changes, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
The AI boom has turned semiconductors into geopolitical bargaining chips. One minute, Washington is tightening export controls. The next, trade delegations are back in Beijing trying to reopen markets worth tens of billions of dollars. For investors, the bigger question is simple: Which company actually benefits when the political theater ends?
President Donald Trump’s recent China trip appeared, at first glance, to hand Nvidia (NASDAQ:NVDA | NVDA Price Prediction) a major victory. But surprisingly, the headlines may have obscured the more important development — Beijing seems far more interested in deepening ties with Advanced Micro Devices (NASDAQ:AMD) instead.
Trump Helped Nvidia Reopen the Door to China Trump traveled to China with a delegation of U.S. executives as part of a broader push to revive business ties between the world’s two largest economies. At the conclusion of the visit, multiple agreements were announced, including a deal allowing Nvidia to sell its H200 AI chips to 10 Chinese companies.
Among the reported buyers were Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), ByteDance, and Lenovo — all major players in China’s cloud computing and AI infrastructure markets.
That mattered because China was once one of Nvidia’s most important growth markets. China previously accounted for roughly 20% to 25% of data center-related sales before export restrictions imposed under both the Biden and Trump administrations narrowed access to advanced AI chips.
The H200 agreement briefly suggested Nvidia might regain part of that lost business. And given Nvidia’s dominance in AI accelerators, it made sense why the announcement dominated headlines. After all, Nvidia still controls an estimated 80% to 90% share of the AI GPU market.
China Appears to Be Cooling on Nvidia That said, Beijing’s response afterward told a different story. Reports indicate Chinese regulators quickly moved to place Nvidia’s GPUs under tighter government scrutiny, raising questions about how much practical market access the company will actually regain. China has increasingly emphasized reducing reliance on U.S. technology suppliers, particularly in areas tied to AI and national security.
In any case, Nvidia’s position in China remains politically fragile. The company’s premium AI chips sit directly at the center of the U.S.-China technology conflict. That creates a problem for investors. Nvidia may win approvals one month and face restrictions the next.
AMD, meanwhile, appears to be navigating the environment differently. Reports say AMD CEO Lisa Su met with China’s vice premier He Lifeng in Beijing on Monday at his request. The Chinese official reportedly invited AMD to deepen cooperation as trade relations stabilize. The tone matters because it signals Beijing may view AMD as a more workable long-term partner.
AMD Could Be the More Interesting China AI Play Let’s look at what the numbers tell us.
Company Forward P/E Ratio 2026 Revenue Growth Estimate AI GPU Market Position Nvidia Around 19 73% Dominant leader Advanced Micro Devices Around 31 42% Fast-growing challenger Granted, Nvidia remains the AI kingpin. Its CUDA software ecosystem, Blackwell architecture, and hyperscaler relationships still give it a lead competitors have not closed. But AMD does not need to beat Nvidia outright to reward shareholders.
AMD’s MI300 accelerator family has already gained traction with hyperscalers and enterprise customers. If China begins steering more AI demand toward AMD chips while limiting Nvidia’s influence, AMD gains access to incremental revenue streams investors may not fully appreciate yet.
Surprisingly, AMD may also carry lower geopolitical baggage in Beijing’s eyes because it has historically held a smaller share of China’s AI infrastructure market. Nvidia became too dominant — and therefore too strategically sensitive.
Regardless, China reopening even part of its AI chip market creates opportunity. The question is who captures more of it.
Key Takeaway In short, Trump’s China trip may have generated splashy headlines for Nvidia, but the more actionable signal for sharp investors could be AMD’s warming relationship with Beijing.
Nvidia still owns the strongest AI franchise in semiconductors. Its revenue reached $215.9 billion over the past fiscal year while free cash flow topped $96 billion. Those numbers are hard to ignore.
Yet AMD may offer investors something Nvidia currently cannot — a cleaner path into a reopened China market. For savvy investors looking beyond the obvious headline, that distinction could matter a lot over the next 12 to 24 months.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JD.com, Inc. (JD - Free Report) .
JD.com currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 19 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 79.2% and 8.3% of all recommendations.
Brokerage Recommendation Trends for JD
Check price target & stock forecast for JD.com here>>>
The ABR suggests buying JD.com, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in JD?Looking at the earnings estimate revisions for JD.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.13.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for JDcom.
JD.COM logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
May 22 - Chinese e-commerce giant JD.com (9618.HK), opens new tab is evaluating a potential £2 billion ($2.69 billion) bid for the British online shopping platform The Very Group, Sky News reported on Friday, in its latest push to expand in the UK market.
The move would follow JD.com's earlier UK efforts, including its failed takeover bid, opens new tab for electricals group Currys and its decision last year to walk away from talks to acquire Argos from Sainsbury's (SBRY.L), opens new tab.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
A spokesperson for JD.com declined to comment on market speculation, while The Very Group refused to comment on the report.
Sky News reported in January that Carlyle (CG.O), opens new tab, the owner of The Very Group, was planning a £2 billion sale of the company, just months after taking control of the British retailer.
Carlyle took control of the group last year, ending the Barclay family's long-standing involvement in the business.
($1 = 0.7440 pounds)
Reporting by Sri Hari N S and Akshaya V in Bengaluru; Editing by Vijay Kishore and Shinjini Ganguli
Our Standards: The Thomson Reuters Trust Principles., opens new tab
The logo of Ceconomy AG, Europe's largest consumer electronics retailer operating the consumer electronic chains Media Markt and Saturn is pictured at the company's headquarters in... Purchase Licensing Rights, opens new tab Read more
CompaniesBRUSSELS, May 28 (Reuters) - Chinese e-commerce giant JD.com's (9618.HK), opens new tab $2.5 billion bid for German electronics retailer Ceconomy (CECG.DE), opens new tab may involve Chinese subsidies, European Union competition regulators warned on Thursday as they opened a full-scale investigation into the deal.
The acquisition will allow one of China's largest retailers to expand outside its home market via Ceconomy-owned electronic products retailers MediaMarkt and Saturn.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
The decision by the European Commission marks its first in-depth probe of a Chinese deal under its Foreign Subsidies Regulation, which targets unfair foreign state aid and could require JD.com to offer concessions to address its concerns.
"The preliminary investigation indicates that JD.com may have received foreign subsidies distorting the EU internal market. These include preferential financing, tax incentives and grants provided by entities possibly attributable to the PRC," the EU executive said.
It said these potential subsidies might have helped JD.com offer a higher price for Ceconomy and to support the German company's activities and growth through JD.com's technological and logistics capabilities that could distort the EU market.
JD.com disputed the EU's concerns.
"The proposed acquisition of CECONOMY AG by JD.COM will not be financed by any foreign subsidies granted by China or any other non-EU Member State, but instead is funded by external private bank debt and available cash from ordinary course business activities," it said in a statement.
The Commission set an October 2 deadline for its decision.
Reporting by Foo Yun Chee Editing by Tomasz Janowski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
JD.com, Inc. (JD - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned -3.9% over the past month versus the Zacks S&P 500 composite's +6% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, JD.com is expected to post earnings of $0.92 per share, indicating a change of +33.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -12.5% over the last 30 days.
The consensus earnings estimate of $3.13 for the current fiscal year indicates a year-over-year change of +22.8%. This estimate has changed +0.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.57 indicates a change of +14.2% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +7.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, JD.com is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of JD.com, the consensus sales estimate of $52.83 billion for the current quarter points to a year-over-year change of +6.1%. The $204.15 billion and $215.2 billion estimates for the current and next fiscal years indicate changes of +11.2% and +5.4%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
On June 02, 2026, JD.com Inc JD shares rose 3.6% today, bringing the current price to $30.15. Over the past 52 weeks, JD’s stock has fluctuated between a low of $24.51 and a high of $36.86.
GF Value™ verdict: Current price of $30.15 is 21.0% below the GF Value™ of $38.15.GF Score™: 81/100 indicates a strong overall performance based on key financial metrics.Most notable signal: No insider transactions in the last 3 months suggest stability in leadership. Is JD Overvalued or Undervalued? JD.com Inc's current price of $30.15 is significantly below the estimated GF Value™ of $38.15, indicating that the stock is undervalued by approximately 21.0%. This margin of safety presents an opportunity for potential investors who align with the company's business model and market position. The GF Valuation label classifies JD as "Modestly Undervalued," signifying that there may be room for the stock price to appreciate as the market recognizes its intrinsic value.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With JD trading below its GF Value™, the stock could be seen as an attractive investment opportunity, assuming the company's growth trajectory remains strong and risks associated with market volatility are managed properly.
How Does JD's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)23.7x14.1x Forward P/E9.1xN/A The current P/E ratio of 23.7x is significantly above its 5-year median of 14.1x, indicating that the stock is trading at a premium based on earnings. The forward P/E of 9.1x suggests a more favorable outlook compared to the TTM, but the current P/E analysis agrees with the GF Value™ verdict that JD is undervalued, as the market remains cautious in recognizing the company's potential growth amidst historical performance.
What Does JD's GF Score™ Tell Us? MetricRating GF Score™81/100 Financial Strength5/10 Profitability6/10 Growth8/10 Valuation8/10 Momentum5/10 The GF Score™ of 81/100 reflects a strong overall performance, particularly in the areas of Growth (8/10) and Valuation (8/10). However, the company receives a lower rating in Financial Strength (5/10), suggesting that while JD may show significant growth potential, its financial robustness could be a concern. The moderate scores in Profitability (6/10) and Momentum (5/10) indicate a balanced performance with room for improvement.
What Are Insiders Doing with JD Stock? There have been no insider transactions in the last three months for JD.com Inc. This lack of activity suggests a period of stability in leadership and may indicate that current executives are confident in the company's direction and strategy. However, absence of insider buying can also be interpreted as a lack of aggressive positioning by management, which could warrant further analysis.
What This Means for Investors Based on the analysis of GF Value™, JD.com Inc is currently undervalued. The significant gap between the current price and GF Value™ presents an opportunity for potential appreciation, assuming the company can navigate market challenges effectively.
For the complete analysis, visit the JD.com Inc JD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is JD's GF Score™?
JD's GF Score™ is 81/100, indicating a strong overall performance based on key financial metrics that may lead to higher long-term returns.
Is JD overvalued or undervalued?
JD is currently undervalued, with a GF Value™ of $38.15 compared to its current price of $30.15, indicating a potential for price appreciation.
What is JD's P/E ratio?
JD's P/E ratio is 23.7x, which is significantly above its 5-year median of 14.1x, indicating that the stock is trading at a premium based on earnings.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
BEIJING, June 05, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it will hold its annual general meeting of shareholders (the “AGM”) at Building A, No. 18 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing 101111, People’s Republic of China, on June 29, 2026 at 3:00 p.m. (Hong Kong time).
No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders of record to discuss Company affairs with management.
Holders of record of Class A ordinary shares and Class B ordinary shares of the Company at the close of business on June 4, 2026 (Hong Kong time) are entitled to notice of, and to attend, the AGM or any adjournment or postponement thereof.
The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report can be accessed on the investor relations section of its website at https://ir.jd.com, as well as on the SEC’s website at www.sec.gov.
About JD.com, Inc.
JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.
JD.com, Inc. (JD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned -6.4% over the past month versus the Zacks S&P 500 composite's +0.2% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has lost 9.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, JD.com is expected to post earnings of $0.84 per share, indicating a change of +21.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -11% over the last 30 days.
The consensus earnings estimate of $3.19 for the current fiscal year indicates a year-over-year change of +25.1%. This estimate has changed +1.9% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.62 indicates a change of +13.8% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For JD.com, the consensus sales estimate for the current quarter of $52.83 billion indicates a year-over-year change of +6.1%. For the current and next fiscal years, $204.15 billion and $215.2 billion estimates indicate +11.2% and +5.4% changes, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Alibaba BABA and JD.com JD came under pressure in Hong Kong after Beijing's market watchdog criticized major online platforms over misleading discount campaigns.
Alibaba shares fell as much as 5.9% Thursday morning, marking their biggest intraday drop in nearly 3 months. JD.com also dropped as much, its steepest intraday decline since November. The selloff followed a CCTV report saying the Beijing branch of the State Administration for Market Regulation summoned Alibaba, JD.com, PDD, ByteDance and Xiaohongshu over false advertising during the annual 618 shopping festival.
The regulator said some platforms appeared to promise tens of billions of yuan in subsidies but did not clearly show how much support came from the companies or participating brands. Alibaba's Tmall and Taobao platforms and JD.com were specifically cited for not providing enough detail.
For investors, the issue is not just one shopping event. The rebuke points to tighter scrutiny over China's online retail giants, just as competition and discounting remain intense. The next thing to watch is whether Beijing follows the warning with penalties or stricter promotion rules.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JD.COM, INC. (JD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased JD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Frank R. Cruz announces an investigation of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JD.COM, INC. (JD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased JD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260611542346/en/
Sam Vadas discusses the European Central Bank becoming the first international bank to raise rates since the Iran war signaling new inflation concerns. Meanwhile Chinese ADRs are under pressure with Alibaba (BABA) PDD Holdings (PDD) and JD.com (JD) all facing scrutiny.
Key Takeaways BABA offers $1.5B for Pupu, sparking a bidding war to boost its instant grocery delivery reach.Alibaba's quick commerce revenues surged, but profits and cash flow fell amid heavy investments.BABA faces regulatory scrutiny over 618 promotions, adding uncertainty to its Pupu acquisition plans. Alibaba Group (BABA - Free Report) is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan. The proposed price is more than double an earlier $600 million bid from Sun Art Retail, a former Alibaba affiliate now backed by private equity firm DCP Capital.
Founded in Fujian province, Pupu operates as one of China's leading instant grocery delivery platforms, generating annual revenues exceeding RMB 30 billion and running a rapid 30-minute delivery network across key cities in Fujian, Guangdong, Sichuan and Hubei provinces. The proposed acquisition reflects Alibaba's accelerating pivot toward supply-chain depth over pure platform economics — a direct response to intensifying rivalry with Meituan and JD.com in local commerce.
This strategic push aligns with what Alibaba's fourth-quarter fiscal 2026 results already reveal about the company's spending direction. Quick commerce revenues in the fourth quarter of fiscal 2026 surged 57% year over year to RMB 19,988 million, driven by order growth following the rollout of Taobao Instant Commerce in late April 2025. For full-year fiscal 2026, quick commerce revenues reached RMB 78,520 million, up 47% year over year. However, adjusted EBITA fell 84% year over year to RMB 5,102 million, and non-GAAP net income declined nearly 100%, with free cash flow swinging to an outflow of RMB 17,300 million, attributed primarily to investments in quick commerce and cloud infrastructure.
The timing is complicated by a fresh regulatory overhang. Alibaba shares fell as much as 6.5% in Hong Kong — their biggest single-session decline in nearly three months — after the Beijing branch of SAMR summoned the company along with JD.com (JD - Free Report) , PDD Holdings (PDD - Free Report) , ByteDance and Xiaohongshu over alleged false advertising during the 618-midyear shopping festival. The summons highlighted Beijing's broader campaign against ruinous price wars and misleading promotional tactics, pushing platforms to pivot from aggressive discounting toward innovation and quality services.
For Alibaba, the Pupu bid signals confidence in its instant retail strategy even as near-term profitability faces pressure. Whether regulators ultimately clear the deal — and whether Alibaba can integrate Pupu's regional supply chain at scale — will shape how effectively this capital-intensive gamble pays off against a tightening competitive and regulatory landscape.
How JD.com and PDD Holdings Stack UpAlibaba's quick commerce push mirrors the strategic calculus of its two U.S.-listed rivals. JD.com has been scaling its food delivery arm steadily, with JD Food Delivery improving unit economics and narrowing sequential losses every quarter since launch, while JD Retail posted a record operating margin of 5.6% in the first quarter of 2026. JD.com, however, remains focused on organic build-out rather than large acquisitions. PDD Holdings, meanwhile, has signaled that supply chain investment is the company’s core strategic priority heading into its next decade, committing significant long-term resources even at the expense of near-term profitability. Both JD.com and PDD Holdings were among the platforms summoned by SAMR over 618 promotional practices, placing all three companies under similar regulatory clouds as each navigates its own path in China's fiercely contested local commerce arena.
BABA’s Share Price Performance, Valuation & EstimatesBABA shares have lost 23.1% in the year-to-date period, underperforming the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector, respectively.
BABA’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, BABA stock is currently trading at a trailing 12-month Price/Earnings ratio of 35.66X compared with the industry’s 29.42X. BABA has a Value Score of D.
BABA’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2027 earnings is pegged at $7.38 per share, down 4.3% over the past 60 days, indicating a 89.72% year-over-year increase.
Alibaba currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN JD.COM, INC. (JD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howard.
Law Offices of Howard G. Smith announces an investigation on behalf of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN JD.COM, INC. (JD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased JD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260612260278/en/
Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JD.COM, INC. (JD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding JD should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260612825377/en/
