0419 GMT - JD.com may reconsider its food-delivery strategy as market dynamics change, Nomura analysts say in a research note. Alibaba's pledge to invest 50 billion yuan in quick commerce over the next 12 months means the price tag for every 1 percentage point of market-share gains has potentially increased sharply. "We think JD may have to re-examine its ambition about food delivery--to compete head-to-head with the two market incumbents may mean burning out all the profits generated by its core JD retail business for several quarters down the road," they say. A 10%-15% market share should be a "reasonable" target for JD, Nomura says. It keeps a buy rating but cuts the target price on the ADRs to $45.00 from $52.00. JD's ADRs last traded at US$31.22. (tracy.qu@wsj.com)

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July 11, 2025 00:19 ET (04:19 GMT)

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