On July 2, JD.com (09618.HK) rose 4.48% in regular trading, reaching HKD 105.1, with turnover of HKD 184 million. The rally was primarily driven by overnight strength in US-listed Chinese stocks, with the Nasdaq China Golden Dragon Index climbing over 2% and JD.com's US-listed shares gaining more than 3%, triggering a sympathetic rebound across the Hong Kong tech sector.

Adding to the positive momentum, renowned investor Michael Burry — the inspiration behind The Big Short — recently disclosed selling his Alibaba position to increase his JD.com holdings, a move widely interpreted as a bullish endorsement of JD.com's outlook. Additionally, the company's expansion of robotic repair services in Europe and a strategic embodied intelligence partnership with Magic Atom provided further catalysts. JD.com also retains approximately $1.4 billion in unused share buyback capacity, reinforcing price support expectations.

Within the Internet and Direct Marketing Retail sector, broad-based strength was evident. Among peers, Meituan-W rose 7.3%, PA GoodDoctor gained 5.3%, JD Health advanced 5.05%, Ali Health climbed 4.87%, and Alibaba-W added 4.15%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)