JD.com (JD, Financial) saw a pre-market increase of 1.13%, reaching $34.07. This rise follows a research report from Shenwan Hongyuan, which highlights China's emphasis on stimulating consumer spending and domestic demand by 2025. The report notes that the mid-year 618 shopping festival has commenced, bolstered by government subsidies and platform investments, potentially enhancing online consumer activity and penetration rates.
Shenwan Hongyuan remains optimistic about the impact of these supportive policies on the e-commerce sector, particularly as companies focus on core businesses and make steadfast investments in artificial intelligence (AI).
