The Latest Breaking News from JD

The sportswear retailer said it has made ‘strong progress’ in recent months and pointed to improvements in the US.

The retail firm’s performance in the US will be particularly in focus when it provides a half-year trading update on Wednesday August 27.

JD.com reported its best top-line growth since late 2021.

Chinese tech and EV stocks surged Wednesday after Washington and Beijing extended their trade truce by 90 days, averting a tariff escalation and fueling hopes for improved economic ties between the world’s two largest economies.

Yum China’s HK-traded shares are down about 3% since Tuesday, even as the KFC and Pizza Hut operator posted 4% year-on-year revenue growth last quarter.

Trade tensions between China and the U.S. are beginning to thaw, and these two stocks are poised to benefit most from a re-energized Chinese stock market.

On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “rational” competitive practices amidst an escalating price war within the sector.

Alibaba Group (NYSE:BABA) escalated China’s instant delivery price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:JD) and Meituan (OTC:MPNGY).

U.S.-listed Chinese stocks, including tech giants Alibaba Group Holding (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), and Baidu (NASDAQ:BIDU), experienced significant gains on Tuesday.