1007 GMT - Despite JD.com delivering better-than-expected 2Q results, the upside may not have been large enough relative to buyside expectations, according to Chelsey Tam at Morningstar. "The stock had already rallied significantly from late June into earnings," she says. The company also tends to guide "conservatively ahead of earnings, which means sell-side estimates may have been set at a relatively cautious level," she says. Shares last closed at 10% lower at HK$110.20.