The group will also be relatively unaffected by the ongoing global chip shortage as it had made early payments to its suppliers to secure various consumer electronics products previously.
UOB Kay Hian analysts Julia Pan Meng Yao and Oong Chun Sung have reiterated “buy” on JD.com as the Chinese e-commerce company posted a strong set of results for the 2QFY2021 ended June.
JD.com’s revenue grew 26% y-o-y to RMB253.8 billion ($52.98 billion), in line with the expectations forecasted by the analysts as well as consensus.
