Jd.com (09618) fell by 3.39%. Tianfeng Securities stated that the overall performance of end-consumer consumption is weak, and the company's revenue growth is under short-term pressure.

Jingdong Group (09618) fluctuated and fell, down 3.39% to HKD 102.6 at the time of publication with a trading volume of HKD 0.653 billion. Tianfeng Securities stated that the macroeconomy is steadily recovering, and the income in the second quarter of 2024 is expected to increase slightly year-on-year. From the macro environment, consumer goods retail in H1 2024 showed a steady recovery trend, recovering to 121% of the same period in 2019. The bank predicts that Jingdong Group's Q2 2024 revenue will increase by 0.5% year-on-year to CNY 289.3 billion, but revenue growth is under short-term pressure. This is mainly due to 1) Overall, the performance of terminal consumption is weak, and the real estate market is at the bottom.

金吾財訊Jul 19 03:31 ET

New media experience for watching European Cup: evaluation of three new media broadcasting platform apps.

The 2024 European Cup has come to an end, but the enthusiasm of football fans is still high. In this football extravaganza, in addition to the fierce competition on the green field, the performance of major broadcasting platforms has also been highly anticipated. This year, there are three new media APP platforms in China that can broadcast the European Cup, namely CCTV video, Migu video, and iqiyi sports. In order to further improve the viewing experience and meet the diversified needs of fans, the broadcast platforms have spared no effort, creating derivative programs around the event, inviting celebrities to participate, or innovating black technology, in various ways to bring this sports feast to fans. These viewing platforms each have their own strengths, and we will explore them from the perspective of product structure, content richness, and technical innovation.

新浪科技Jul 19 02:38 ET

Brokerage gtja maintains a 'shareholding' rating for jd.com (09618) and expects a 1% growth in revenue for the second quarter.

According to the research report issued by gtja, it is expected that jd.com (09618) will achieve a revenue of 29.01 billion yuan in FY2024Q2, a YoY increase of 1%. Due to the high temperature in May and June of 2023, earlier than in 2024, the base is larger, so household appliance categories such as refrigerators, fans, and air conditioners are under pressure. It is expected that the company's adjusted net income in FY2024Q2 will reach 10.1 billion yuan, and the adjusted net profit margin will increase by 0.2 percentage points YoY to 3.5%, mainly due to the reduction of subsidies without a significant increase in subsidies. On the retail side of jd.com, both GMV and revenue have increased, fully benefiting from the achievements of platform ecosystem construction. It is expected that

金吾財訊Jul 18 03:25 ET

Express News | PDD Holdings Down 3.3%, Baidu Down 6.3%

ReutersJul 15 11:01 ET

Express News | U.S.-Listed Shares of Chinese Firms Fall as Bets of Trump's White House Return Rise

ReutersJul 15 11:01 ET

Express News | Ishares China Large Cap ETF Down 1.9%, Kraneshares CSI China Internet ETF Down 3.1%

ReutersJul 15 11:01 ET