On November 15, Glorious Holdings reported that jpmorgan stated that jd.com's third-quarter performance is solid, benefiting from strong profitability in jd.com's logistics and substantial profits in jd.com retail. The adjusted earnings per share grew by 29% year-on-year, exceeding the bank's and market expectations by 9% and 17%, respectively, which is believed to have a positive impact on the shares. During this period, jd.com's revenue growth accelerated to a 5% year-on-year increase, meeting expectations. The company also announced a new three-year share buyback plan of 5 billion dollars, effective from September this year. The bank believes that the comments from jd.com's management in the upcoming fourth-quarter earnings call regarding revenue growth in the fourth quarter (such as performance during the november 11 shopping festival-related promotions) and the balance between gross profit and expenditures will determine investors' ability to maintain the strong momentum from the third quarter into the fourth quarter. The bank gives jd.com an "overweight" rating, with a target price of 200 Hong Kong dollars.