On June 23, JD.com-SW (09618.HK) declined 3.35% in regular trading, trading at HK$104.0/share, with turnover of HK$104 million. The stock extended losses from the previous session, when it closed down 1.29% at HK$107.50.

On the news front, Citi recently noted that JD.com's overall GMV performance during this year's 618 shopping festival is likely to be lackluster, despite the company announcing that its 618 order user count hit a new record high, with home service category demand growth being particularly strong. Citi maintained its Buy rating on JD.com's US-listed shares with a target price of $39. JD.com's US ADR also fell 1.72% on the previous trading day, closing at $27.10.

Within the Internet and Direct Marketing Retail sector, the broader segment showed weakness. Among peers, Alibaba-W fell 0.78%, Meituan-W fell 0.76%, Ali Health rose 1.22%, JD Health was flat, and PA Good Doctor rose 0.4%.

(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.)