0615 GMT - General merchandise will be a major growth driver this and next year for JD.com, Deutsche Bank's Jessie Xu writes in a note. Electronics, home appliances and general merchandise achieved double-digit 4Q revenue growth. There is some upside potential for JD in optimizing product mix, lowering procurement costs and generating operating efficiency gains, Xu adds. The fashion category is also gaining momentum due to better product offerings and persistent efforts to gain consumer mindshare, Xu says. Deutsche maintains a buy rating on JD and raises its target price to HK$193.00 from HK$190.00. Shares are last at HK$162.20. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 10, 2025 02:15 ET (06:15 GMT)
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