JD-SW's stock soared 5.89% during intraday trading on Thursday, driven by positive market sentiment and company-specific catalysts.
The rally was primarily fueled by overnight strength in US-listed Chinese stocks, with the Nasdaq China Golden Dragon Index climbing over 2% and JD.com's US-listed shares gaining more than 3%, triggering a sympathetic rebound across the Hong Kong tech sector. Adding to the momentum, renowned investor Michael Burry recently disclosed selling his Alibaba position to increase his JD.com holdings, a move widely interpreted as a bullish endorsement of JD.com's outlook.
Furthermore, the company's expansion of robotic repair services in Europe and a strategic embodied intelligence partnership with Magic Atom provided additional catalysts. JD.com also retains approximately $1.4 billion in unused share buyback capacity, reinforcing price support expectations.