JD.com Hong Kong shares drop most in 16 months after Q2 revenue falls

JD.com

14/08/2026 03:49

** Hong Kong shares of JD.com 9618.HK drop 9.8% to HK$111, on course for the biggest one-day pct decline since April 2025
** Stock hits the lowest level since July 14
** Second-biggest pct loser in both the benchmark Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which are down 0.9% and 1.6%, respectively
** U.S.-listed stock JD.O fell 7.3% on Thursday
** The e-commerce giant's Q2 revenue declined 2.9% to 346.4 billion yuan ($51.37 billion), but beat analysts' average estimate of 344.6 billion yuan
** JD.com expects second-half home-appliance sales to improve 
** Citi keeps "buy" rating on solid 2Q26 beat and expects revenue and profit re-accelerating in 2H26 with attractive valuation, earnings growth recovery, solid execution and generous shareholder return
** YTD, Hong Kong stock down 0.2%, while U.S.-listed shares up 2.1%
     
     

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))