Guolonghui, November 15th | jd.com (JD.US) rose more than 2% in pre-market trading, at $34.02. On the news front, Bank of America Securities issued a research report stating that the target price of JD.com listed in Hong Kong has been raised from HK$173 to HK$188, reiterating a "buy" rating. JD.com's net revenue for the third quarter rose by 5.1% year-on-year, meeting market expectations. Specifically, JD.com's retail revenue increased by 6.1% year-on-year, accelerating from the 1.5% growth rate in the second quarter, mainly due to the recovery growth driven by the subsidy program for "trade-in for new" on its self-operated platform (1P) in electronics and home appliances categories since September. In addition, JPMorgan issued a research report indicating that JD.com's third-quarter performance is solid, giving JD.com a "shareholding" rating with a target price of HK$200. Benefiting from the strong profit performance of JD.com's logistics and the drive of JD.com's considerable retail profit, adjusted earnings per share increased by 29% year-on-year, exceeding the bank's and market's expectations by 9% and 17%, respectively, which is believed to have a positive impact on the stock. (Guolonghui)