JD.com's (JD) Food Delivery Investments Weigh on Profitability, Susquehanna Maintains Neutral Rating

JD.com, Inc. (NASDAQ:JD) ranks among the Best Low Volatility Investments in December 2025. On November 24, Susquehanna retained its Neutral rating on JD.com, Inc. (NASDAQ:JD) with a price target of $32, following the company’s third-quarter earnings release. The Chinese e-commerce giant announced quarterly revenue that surpassed market estimates. That said, profitability came up short as the company continues to invest substantially in new economic ventures, especially in its food delivery service.

JD.com, Inc. (NASDAQ:JD) announced a 15% year-on-year increase in total revenues for Q3, sustaining its double-digit growth rate. The general merchandise sector achieved a 19% year-on-year revenue rise, with supermarket, fashion, and health segments sustaining double-digit growth.

The JD Food Delivery business also exhibited excellent progress with a double-digit quarter-on-quarter GMV growth alongside decreased operational losses.

Susquehanna observed that these ongoing investments are projected to continue affecting JD.com’s profit margins, even as the company voices confidence regarding their long-term potential.

JD.com, Inc. (NASDAQ:JD) is one of China’s largest e-commerce and technology companies. It operates an extensive online retail platform supported by advanced logistics, supply chain management, and cloud services.

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Disclosure: None. This article is originally published at Insider Monkey.