JD LOGISTICS (02618) rose more than 4% in Hong Kong trading. At the time of writing, the stock was up 4.51% to HK$14.14, with a turnover of HK$123 million.

The increase follows the company's disclosure of its 2025 performance data. Analysis from Dongxing Securities highlighted that JD Logistics' 2025 revenue grew 18.8% year-over-year, a significant acceleration from the 9.7% growth seen in 2024, primarily driven by the rapid expansion of its instant delivery business. The company began recruiting and managing full-time riders in the second quarter of 2025 and, in the fourth quarter, acquired a 100% equity stake in a wholly-owned subsidiary of JD Group engaged in local instant delivery services, thereby gaining additional delivery capacity.

Notably, on March 16, JD Group announced the official launch of its new online retail brand, Joybuy, in Europe. The brand will focus on markets including the UK, Germany, the Netherlands, France, Belgium, and Luxembourg. It is understood that JD Logistics already supports Joybuy's operations with over 60 warehouses and delivery stations across Europe.

Dongxing Securities noted that JD Logistics successfully doubled its self-operated overseas warehouse space in 2025, continuously enhancing its fulfillment capabilities. The total area under management for its self-operated overseas warehouses reached nearly 2 million square meters, covering 25 countries and regions globally. The company made positive progress in 2025 across the Americas, Europe, the Middle East, and the Asia-Pacific region, driving high growth in its overseas business.