On July 20, JD.com (JD-SW) rose 3.01% in regular trading, trading at HK$119.8/share, with turnover of HK$754 million.

On the news front, renowned investor Michael Burry, founder of Scion Asset Management, publicly expressed his bullish stance on Hong Kong stock allocation value, stating that after enthusiasm in Japanese, Korean, and Swiss equity markets fades, low-valued Hong Kong-listed names have upside potential. Burry confirmed he has increased his holdings in JD.com shares. The broader Hong Kong tech sector rallied in tandem, with the Hang Seng Tech Index opening up 2.2%, Alibaba rising over 4%, and Meituan gaining over 3%.

Additionally, multiple brokerages recently released Q2 earnings previews for JD.com. Nomura and UBS both forecast Non-GAAP net profit growth of 14% year-over-year, with narrowing losses in the food delivery segment driving profit improvement. Both maintain Buy ratings on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)