Hong Kong-listed shares of JD.com rise as Q1 revenue tops estimate

** Shares of China's e-commerce co JD.com Inc rise as much as 4.1% to HK$281.80, their highest since May 12; stock on course for a second consecutive session of gains

** Stock is third-biggest percentage gainer in the Hang Seng Tech Index and among the 30 most actively traded by turnover

** JD.com's estimate-beating Q1 revenue jumps 39% to 203.2 bln yuan ($31.57 bln), aided by an expanded product line-up that helped lure in more users

** The Beijing-based firm has joined rivals Pinduoduo and Alibaba Group  in racking up double-digit sales growth during the pandemic, as people flocked to e-commerce websites to shop for everything from groceries to luxury goods

** Citi maintains "buy" on the stock, citing JD.com's solid execution, consistent result momentum and strength in supply chain capability has been underappreciated by the street as short-term concerns on margins overshadow longer-term market position outlook

** The Hong Kong Hang Seng consumer goods and services index eases 0.4%, while the Hang Seng Tech Index gains 0.7%

** The Hang Seng China enterprises index slips 0.6%, and the benchmark index falls 0.8%

** As of last close, JD.com's Hong Kong shares down 20.8% this year.