Movement Alert｜JD.com Rises 5.15% in Regular Trading, 618 Shopping Festival Grand Opening Data Boosts Market Confidence

Market Focus06-02 22:48

On June 2, JD.com rose 5.15% in regular trading, trading at $30.575/share, with trading volume of $123 million. The rally was driven by strong opening sales data from JD's 618 Shopping Festival, which officially launched on the evening of May 30.

According to the company's first campaign report, as of June 1, the number of users placing orders during the 618 Grand Opening hit a new all-time high, while JD Supermarket users achieved double-digit year-over-year growth. Offline stores including JD MALL, JD 3C Digital stores, and JD Discount Supermarkets saw overall foot traffic surge over 70% year-over-year within the first 52 hours. Additionally, in the alcohol category, 157 brands achieved doubled transaction volumes within the first hour of the opening period, signaling robust consumer spending momentum.

Within the Broadline Retail sector, Alibaba rose 5.59%, PDD Holdings rose 1.28%, Coupang rose 1.23%, while Amazon.com fell 0.85% and MercadoLibre fell 1.66%, indicating divergent performance among Chinese and non-Chinese e-commerce peers.

(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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