Hugh Middleton
04-09

$JD LOGISTICS(02618)$ With the impact of tariffs, the logistics sector has shown significant divergence. The privatization of Dada Group by $JD.com(JD)$ has increased market attention, with the company’s market cap rising 4.22% in January 2025. However, cross-border business still represents a small share, so the direct impact of tariffs is limited.

Leveraging JD.com’s e-commerce ecosystem, Supply chain integration capabilities are outstanding, particularly in automated warehousing and AI technology applications. These strengths give JD a competitive edge. Looking ahead, it’s well-positioned to benefit from domestic consumption upgrades and the return of manufacturing. I am optimistic about this stock and I will hold it firmly.

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