1026 GMT - JD.com's 4Q revenue growth may come under pressure amid softer Chinese retail sales, Citi analysts say in a note. The slowing of growth in China's online retail sales to 5.4% in November from 8.1% in October is largely expected due to a high base, they say. The country's total home appliance sales slid 19.4% on year last month, reflecting "continued lapsing" of the trade-in program that will have a negative read-through to JD's growth rate in November, the analysts say. JD has been one of the e-commerce platforms that benefited most from China's trade-in program. Citi has a buy rating and a target price of $44.00 on JD's ADRs, which last closed at $29.44. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 15, 2025 05:26 ET (10:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments