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“Big Bank Report” HSBC Research: JD.com (09618.HK) reinvests to promote continued growth, target price is lowered to 382 yuan
According to a report released by HSBC Research, according to non-GAAP calculations, JD.com’s third quarter net profit margin (09618.HK) hit a new high of 3.2% and its revenues also increased by 29% every year. 11 “Sales increased 33%, fourth quarter merchandise transaction volume (GMV) …
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