JD Stock Rises as JD Logistics Expands Southeast Asia Services

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Oct 23, 2024
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JD.com (JD, Financial) shares increased by over 1.3% in pre-market U.S. trading, reaching $40.9. This rise follows the announcement from JD Logistics regarding the expansion of their services in Southeast Asia.

The expansion includes services in countries such as Singapore, Malaysia, Thailand, Vietnam, Indonesia, the Philippines, and Brunei. To support this growth, JD.com operates multiple self-operated overseas warehouses in Southeast Asia and plans to expand globally to 80 major countries and regions by the end of the year.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.