Top 15 Chinese Companies on US Exchanges

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3. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 55

JD.com, Inc. (NASDAQ:JD) is one of the top 15 Chinese companies on US exchanges.

On January 26, TheFly reported that BofA slightly reduced the price target on JD.com, Inc. (NASDAQ:JD) from $38 to $36. Joyce Ju from BofA revised the price target on JD while keeping a Buy rating on the shares.

Ju has lowered the price target after revising JD.com, Inc.’s 2025, 2026, and 2027 revenue growth estimates to 13%, 6%, and 8%, respectively. The analyst has cut JD’s non-GAAP net profit estimates amid higher consumer incentives and food-delivery losses.

In other news, on January 14, DBS also lowered its price target on JD.com from $40 to $38 while maintaining a Buy rating. DBS said that double-digit declines in electronics and home appliances GMV reduced JD’s revenue by 4% year over year in Q4 2025. Addressing the outlook for 2026, the firm added, “We see limited near-term visibility as the national subsidy programme is likely weaker than FY25 in both scale and scope.”

DBS has also reduced JD.com’s retail growth estimates for 2025, 2026, and 2027, leading to cuts in adjusted earnings by 11%, 24%, and 20%, respectively. DBS maintains a forward P/E multiple of 12 for JD as the stock valuation remains undemanding.

JD.com, Inc. (NASDAQ:JD) is one of the largest supply-chain-based technology and services providers in China. The company operates through three segments, including Retail, Logistics, and New Businesses.

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