0446 GMT - JD.com's investment into its food-delivery business is likely to weigh on its 2Q earnings, Nomura analysts say in a research note. They estimate that the Chinese online retailer's new food-delivery business generated a quarterly loss of more than 10 billion yuan, resulting in a 60% on-year drop in consolidated net profit. The business could incur a similar loss in 3Q even if JD.com is able to narrow losses on a per-order basis, the analysts add. Nomura keeps a buy rating on the stock but cuts the target price on ADRs to $45.00 from $52.00. U.S.-listed JD.com last closed at $31.22. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
July 11, 2025 00:46 ET (04:46 GMT)
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