According to a research report published by Haitong International, JD's total revenue for the third quarter is expected to reach 259.8 billion yuan, an increase of 4.9% year-on-year; adjusted net profit is 11.1 billion yuan, which means an increase of 4% year-on-year, which is in line with market expectations. As the government strengthens the home appliance trade-in program, it will drive positive growth in 3C and home appliance products. The bank believes that, driven by the trade-in program, JD's growth momentum is on track in the short term, maintaining its “outperforming the market” rating, and raising the target price to $60.

According to a research report published by Haitong International, JD's total revenue for the third quarter is expected to reach 259.8 billion yuan, an increase of 4.9% year-on-year; adjusted net profit is 11.1 billion yuan, which means an increase of 4% year-on-year, which is in line with market expectations. As the government strengthens the home appliance trade-in program, it will drive positive growth in 3C and home appliance products. The bank believes that, driven by the trade-in program, JD's growth momentum is on track in the short term, maintaining its “outperforming the market” rating, and raising the target price to $60.