On November 18, Gelonghui reported that BOCI indicated that jd.com’s third-quarter performance exceeded expectations, with revenue growing by 5.1% year-on-year and net income increasing by 23.9%, which surpassed market and the bank's expectations. With the stimulus of the old-for-new replacement incentive policy, consumer spending on 3C/home appliances began to recover from September and continued into October or November. The bank expects that after the november 11 shopping festival-related, categories will expand to non-electric products, supporting broader scale consumption. The report stated that with the correction of sales and profits for the fiscal years 2024 to 2026 and the gradual recovery of housing sales, the government policies will have a lasting impact on boosting consumer spending. The bank reaffirmed the "buy" rating and raised the target price from $54.4 to $55.2.