JD.com, Inc. (09618) Tencent to distribute JD’s shares as dividend Sell-off pressure for near-term January 21, 2022 157

PSR Recommendation: NEUTRAL Status: Initiation
Target Price: HKD292.00

Company Profile
JD.com, Inc. (JD) operates online retail and marketplace e-commerce businesses, as well as
fulfillment services. For the online retail business, JD sells self-operated products and thirdparty merchant products through its own online e-commerce platform, and provides digital
marketing services to online retail business suppliers, third-party merchants and other
partners. JD also collaborate with Walmart on e-commerce by launching Walmart and Sam’s
Club Flagship Stores on its platform and providing fulfillment solutions to them. Through
strategic partnership with Dada Group, JD Logistics to provide customers with on-demand
and last-mile delivery services of a wide selection of grocery and other fresh products
through JD-Daojia. JD also explores in the offline retail market through 7FRESH, an offline
fresh food markets, experimenting on the omni-channel model.

About the author

Profile photo of Eric Li

Eric Li
Analyst
Research

李浩然先生(Eric Li) 高級分析師 現任現為輝立証券持牌高級分析師,曾任職股票基金、家族辦公室及證券公司等,擁有多年的證券研究部門從業及投資經驗,並先後於香港最暢銷的財經媒體撰寫投資專欄。畢業於香港理工大學電子計算系。 Eric is currently a licensed research analyst at Phillip Securities. Prior to joining Phillip Securities, he has years of equity research and investment experiences in asset management company, family office and securities company. Meanwhile, he has written investment columns in Hong Kong`s best-selling financial media for years. He holds Bachelor of Arts in Computing from The Hong Kong Polytechnic University.

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