17 August 2026 | 2:22AM HKT Equity Research JD.com Inc. (JD): NDR highlights: JD Retail growth inflecting; with new business investment discipline; Buy We hosted JD's CFO Mr. Ian Shan and the Investor Relations team post-results. Key investor focus areas/topics discussed included 1) JD Retail revenue growth inflecting into 2H26, with July growth outpacing June (which was the fastest month of growth in 2Q); 2) stable profit margin outlook for JD Retail into 3Q; 3) further sequential food delivery loss narrow ...