JD.com (JD, Financial) saw its stock price increase by 1.44% to $42.85. The surge comes after JD.com's food delivery service announced that it surpassed one million daily orders just 40 days after its launch. This reflects robust growth and market acceptance of the service.
In addition, according to a report from CMB International, JD.com is positioned as a major beneficiary of policy incentives, leading to a positive long-term profit outlook. The report highlights the attractiveness of shareholder returns and maintains an "overweight" rating for JD. The target price has been raised to $54, indicating confidence in JD.com's growth trajectory.
