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JD-SW Last Soars ~5% after Launching Gifting Feature
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JD-SW (09618.HK) announced the launch of a gifting feature that supports one-to-one gifting, group gifting or rebate gifting. Users can choose to send gifts to WeChat friends or WeChat group members when making purchases on the JD.com platform, marking the latest mainstream e-commerce platform to join the "gifting" rivalry after TENCENT (00700.HK)'s WeChat Mini Shop and BABA-W (09988.HK)'s Taobao. JD-SW opened 1.64% lower this morning, bottoming at $137.4. The stock price turned north on the news, peaking at $148.2 after midday. It last posted at $147, up 4.93%. The trading volume was 12.6315 million shares, involving $1.822 billion. AAStocks Financial News |
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