Guolonghui on November 18th: jd.com (JD.US) continues to rise by 1.17% in pre-market trading, reaching $35.41. CICC released a report stating that during jd.com's major promotion period, the third quarter revenue was 260.4 billion yuan, a 5.1% year-on-year increase, basically meeting market expectations; non-GAAP net income was 13.2 billion yuan, a 24% year-on-year increase, exceeding market expectations by 16.5%, mainly due to better-than-expected gross margin and jd.com logistics profit. Due to better-than-expected profit improvement, CICC raised its non-GAAP net income forecast for jd.com in 2024 and 2025 by 3.5% and 4.4% to 45 billion and 48 billion yuan respectively; maintaining an "outperform industry" rating and a US stock target price of $51.4. (Guolonghui)