Weekly Recap: Smaller 2Q revenue decline and West London HQ purchase

Nomura expects JD.com (NASDAQ:JD) to beat 2Q revenue decline estimates—forecasting -5.5% vs -7.5%—citing stronger supermarket sales and smaller food-delivery losses, keeps Buy with $41 target as JD completes purchase of a sustainable West London HQ office, ADR near $28.88.

Previous Week Recap

• Nomura Sees JD.com Revenue Beat: Nomura sees JD.com (JD) beating 2Q revenue decline estimates: -5.5% vs -7.5% market. Cites stronger supermarket sales, smaller food-delivery losses. Maintains Buy, $41 target; ADR near $28.88.
• JD.com UK Headquarters Acquisition: JD.com completed acquisition of a West London Grade A office building to serve as its UK headquarters, occupying newly redeveloped sustainable office space—news relevant to JD traders.

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