0455 GMT - JD.com's logistic unit Dada is likely to deliver 4Q revenue and adjusted profits in line with market expectations, according to Jefferies analysts in a research note. By segment, Dada Now--its local on-demand delivery platform--is likely to perform well on supermarkets and catering categories, the analysts say. The transition in JD NOW--its local on-demand retail platform for retailers and brand owners--is likely to focus on user experience, to increase purchases and order volumes, they add. The number of monthly transacting users and orders through JD app is expected to grow quickly, they add. The analysts maintain a buy rating, with a target price on its ADRs at $2.20. Its ADRs last traded at $1.24. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
January 12, 2025 23:55 ET (04:55 GMT)
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