JD.com May Reconsider Food-Delivery Strategy as Market Dynamics Change -- Market Talk

Dow Jones

Jul 11, 2025

0419 GMT - JD.com may reconsider its food-delivery strategy as market dynamics change, Nomura analysts say in a research note. Alibaba's pledge to invest 50 billion yuan in quick commerce over the next 12 months means the price tag for every 1 percentage point of market-share gains has potentially increased sharply. "We think JD may have to re-examine its ambition about food delivery--to compete head-to-head with the two market incumbents may mean burning out all the profits generated by its core JD retail business for several quarters down the road," they say. A 10%-15% market share should be a "reasonable" target for JD, Nomura says. It keeps a buy rating but cuts the target price on the ADRs to $45.00 from $52.00. JD's ADRs last traded at US$31.22. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 11, 2025 00:19 ET (04:19 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2550080602"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2550080602\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2550080602?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-11 12:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2550080602","market":"nz","top_or_hot":-1,"title":"JD.com May Reconsider Food-Delivery Strategy as Market Dynamics Change -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0419 GMT - <a href=\"https://laohu8.com/S/JD\">JD.com</a> may reconsider its food-delivery strategy as market dynamics change, <a href=\"https://laohu8.com/S/NMR\">Nomura</a> analysts say in a research note. <a href=\"https://laohu8.com/S/BABA\">Alibaba</a>'s pledge to invest 50 billion yuan in quick commerce over the next 12 months means the price tag for every 1 percentage point of market-share gains has potentially increased sharply. \"We think JD may have to re-examine its ambition about food delivery--to compete head-to-head with the two market incumbents may mean burning out all the profits generated by its core JD retail business for several quarters down the road,\" they say. A 10%-15% market share should be a \"reasonable\" target for JD, Nomura says. It keeps a buy rating but cuts the target price on the ADRs to $45.00 from $52.00. JD's ADRs last traded at US$31.22. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 11, 2025 00:19 ET (04:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD.com May Reconsider Food-Delivery Strategy as Market Dynamics Change -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD.com May Reconsider Food-Delivery Strategy as Market Dynamics Change -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-11 12:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0419 GMT - <a href=\"https://laohu8.com/S/JD\">JD.com</a> may reconsider its food-delivery strategy as market dynamics change, <a href=\"https://laohu8.com/S/NMR\">Nomura</a> analysts say in a research note. <a href=\"https://laohu8.com/S/BABA\">Alibaba</a>'s pledge to invest 50 billion yuan in quick commerce over the next 12 months means the price tag for every 1 percentage point of market-share gains has potentially increased sharply. \"We think JD may have to re-examine its ambition about food delivery--to compete head-to-head with the two market incumbents may mean burning out all the profits generated by its core JD retail business for several quarters down the road,\" they say. A 10%-15% market share should be a \"reasonable\" target for JD, Nomura says. It keeps a buy rating but cuts the target price on the ADRs to $45.00 from $52.00. JD's ADRs last traded at US$31.22. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 11, 2025 00:19 ET (04:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002562.SGD","symbol_name":"LionGlobal Asia Pacific SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2550080602","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550080602","pubTimestamp":1752207540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0419 GMT - JD.com may reconsider its food-delivery strategy as market dynamics change, Nomura analysts say in a research note. Alibaba's pledge to invest 50 billion yuan in quick commerce over the next 12 months means the price tag for every 1 percentage point of market-share gains has potentially increased sharply. \"We think JD may have to re-examine its ambition about food delivery--to compete head-to-head with the two market incumbents may mean burning out all the profits generated by its core JD retail business for several quarters down the road,\" they say. A 10%-15% market share should be a \"reasonable\" target for JD, Nomura says. It keeps a buy rating but cuts the target price on the ADRs to $45.00 from $52.00. JD's ADRs last traded at US$31.22. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89618":"京东集团-SWR","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","BK4588":"碎股","LU1688375341.USD":"贝莱德中国灵活股票基金","LU1044876610.USD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4595":"比特币概念","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","09618":"京东集团-SW","STRK":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4220":"综合零售","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","JD":"京东","BK4527":"明星科技股","BK4543":"AI","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU1044875133.USD":"天利亚洲反向股票 AU Acc","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1769817179.HKD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (HKD) INC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","BK4503":"景林资产持仓","LU0140636845.USD":"施罗德大中华区股票A Acc","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK4516":"特朗普概念","BK1502":"双十一"},"translate_title":"随着市场动态的变化，京东可能会重新考虑食品配送策略——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89618":0.6,"09618":1,"STRK":0.6,"JD":1,"ALBmain":0.6},"content_text":"0419 GMT - JD.com may reconsider its food-delivery strategy as market dynamics change, Nomura analysts say in a research note. Alibaba's pledge to invest 50 billion yuan in quick commerce over the next 12 months means the price tag for every 1 percentage point of market-share gains has potentially increased sharply. \"We think JD may have to re-examine its ambition about food delivery--to compete head-to-head with the two market incumbents may mean burning out all the profits generated by its core JD retail business for several quarters down the road,\" they say. A 10%-15% market share should be a \"reasonable\" target for JD, Nomura says. It keeps a buy rating but cuts the target price on the ADRs to $45.00 from $52.00. JD's ADRs last traded at US$31.22. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 11, 2025 00:19 ET (04:19 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}