Comment / Sagging JD Logistics – how to think about its value proposition

If you spotted the trade action of Chinese integrator JD Logistics on the stock market at the end of last week, you may well have wondered what had happened.

Easy peasy.

“Our topline growth returned to double digits year-on-year, and bottom line also achieved healthy expansion,” JD.com management said in the wake of Q4/full-year results, highlighting the performance of a logistics segment that had “further outlined its overseas roadmap” ever since Q4 24.

Of particular interest for JD Logistics – it is separately ...