On July 20, JD Logistics rose 3.29% in regular trading, trading at HK$13.84 per share, with turnover of approximately HK$18.76 million.

On the news front, JD Logistics partnered with Zhiyuan Robotics during the World Artificial Intelligence Conference to jointly launch the next-generation safety-certified heavy-duty embodied robot Spirit G2 Max, which has been deployed at JD Logistics' Zhilang Warehouse — marking the first time a humanoid robot has been deployed in a real warehouse production environment. The Spirit G2 Max will primarily handle inbound operations including palletizing, depalletizing, and material handling, working alongside existing automation equipment to enhance overall operational efficiency and reduce labor intensity.

Additionally, Citi previously reiterated a Buy rating on JD Logistics with a target price of HK$18, forecasting Q2 revenue of approximately RMB 64 billion, slightly above market consensus of RMB 63.6 billion. The broker also noted that declining oil prices are expected to support margin improvement in the second half of the year.

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