JF Rich: JD's fourth quarter revenue may meet market expectations.

Jefferies analysts stated in a research report that JD.com's fourth-quarter revenue may meet market expectations and Jefferies' forecast for the season. These analysts pointed out that, dragged down by electronic products and home appliances, the retail revenue of this e-commerce company may decrease by 3% year-on-year. However, they also mentioned that the market may have already absorbed the slowdown in the home appliance business. JD.com has always faced a high base in the home appliance category, which was boosted last year by the government's policy of trading in old appliances for new ones. Jefferies has given JD.com's American Depositary Receipts a buy rating with a target price of $49.00, with the ADR currently trading at $30.73.