JD.com, China's e-commerce giant, saw its stock surge 10.38% in the pre-market session on Monday, as the broader Chinese market rallied on the back of a major policy shift by the country's top leaders.
The Politburo, China's top decision-making body, announced it will embrace a "moderately loose" monetary policy strategy for 2025, marking the first time in 14 years that the country has shifted away from a "prudent" stance. This move signals greater economic stimulus measures are on the horizon, boosting investor sentiment and driving up Chinese stocks and index futures.
Adding to the positive sentiment for JD.com, the company's logistics arm, JD Logistics, recently announced the acquisition of Kuayue Express. Analysts view this deal as a positive development that could strengthen JD Logistics' operations through better integration of air cargo capacities, transportation vehicles, and sales force, potentially enhancing the e-commerce giant's overall logistics capabilities.
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