Stock Track | JD-SW Soars 5.00% Intraday on Investor Endorsement and Business Expansions

Stock Track
Jun 29

JD.com-SW (09618) experienced a significant intraday surge of 5.00%, marking a notable rebound in its trading session.

The stock's upward movement was supported by multiple positive developments. Renowned investor Michael Burry, known for his role in "The Big Short," publicly disclosed that he sold his Alibaba holdings to increase his position in JD.com, providing a substantial sentiment boost to the stock.

Further contributing to the positive momentum, JD.com launched its JoyRobocare robot repair services across Europe, establishing maintenance centers in the UK and Germany with mobile units covering major cities in France and the Netherlands. The company also secured a strategic partnership with Magic Atom targeting RMB 1 billion in embodied intelligence robot sales on its platform. Additionally, JD.com improved its ranking in Gartner's Global Supply Chain Top 25, moving up to 16th place from 22nd last year, marking its third consecutive year on the list as China's sole retail representative.

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