Movement Alert｜JD.com Rises 5.09% in Pre-Market Trading, 618 Shopping Festival Opening Data Boosts Market Confidence

Market Focus06-02 16:06

On June 2, JD.com rose 5.09% in pre-market trading, trading at $30.51/share, with trading volume of $640,900. The rally was driven by exceptionally strong opening sales data from JD's 618 shopping festival.

JD's 618 shopping festival officially launched on the evening of May 30. According to initial results, as of June 1, order user numbers hit a new record high, JD Supermarket users achieved double-digit year-over-year growth, and offline stores including JD MALL, JD 3C Digital stores, and JD Discount Supermarkets saw overall foot traffic surge over 70% year-over-year within 52 hours. Additionally, in the alcohol category alone, 157 brands saw their transaction volumes double within the first hour of the opening.

Within the Broadline Retail sector, Chinese e-commerce peers also showed strength, with Alibaba up 5.92% and PDD Holdings up 2.21%, while Amazon fell 0.6%, MercadoLibre fell 0.22%, and eBay fell 0.32%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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