0840 GMT - JD.com's food delivery investment could weigh on its net income performance for longer than expected, according to Deutsche Bank Research analyst Jessie Xu in a note. "As the competition has intensified in July, we believe the short-term pain may last longer than expected," Xu says. Market leader Meituan is investing heavily in instant shopping and rolling out "free meal" coupons on Saturdays, Xu points out. DB forecasts JD's 2Q adjusted earnings at 4.4 billion yuan, sequentially picking up to 7 billion-8 billion yuan in 3Q and 8 billion-9 billion yuan in 4Q. DB keeps a buy rating and lowers its target price for JD to HK$173.00 from HK$204.00. Shares closed at HK$124.70. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
July 16, 2025 04:40 ET (08:40 GMT)
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