According to the information from Zhitong Finance and Economics APP, JD.com-SW (09618) surged over 7%, reaching a 7.4% increase as of the time of publication, closing at HKD 106.7 with a turnover of HKD 315 million. On the news front, JD.com announced its second quarter and interim results for 2024. In the second quarter, revenue reached RMB 291.4 billion (approximately USD 40.1 billion); net profit attributable to ordinary shareholders of the listed company under non-US GAAP reached RMB 14.5 billion, a year-on-year increase of 69.0%; the net profit margin reached 5.0% for the first time, significantly exceeding market expectations. Citi stated that JD.com's second-quarter profit exceeded expectations and indicated that if the implementation speed of the trade-in policy is faster than expected, it will become a catalyst for the company's stock price. CICC mentioned that the company's second-quarter profit and repurchase exceeded expectations. As of June 30, 2024, the company has repurchased a total of USD 3.3 billion worth of shares this year, representing approximately 7.1% of its outstanding ordinary shares issued as of December 31, 2023, with a repurchase speed exceeding expectations