Chinese Online Retailers Are Eyeing Up "Single's Day" To Lift Sales
Portfolio Pulse from Daniel Harrison
Chinese online retailers JD.com (NASDAQ:JD) and Bilibili Inc. (NASDAQ:BILI) are preparing for the upcoming Single's Day sales event on November 11. JD.com plans to hold a pre-sale event and expects to sell over 800 million items. Bilibili is partnering with JD and Alibaba (NYSE:BABA) to boost sales. China International Capital Corp Limited (OTC:CNICF) expects the sales event to increase earnings for the retailers. CICC gave Alibaba a price target of HK$137 and JD a price target of $44.
October 19, 2023 | 1:28 pm
News sentiment analysis
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NEUTRAL IMPACT
China International Capital Corp Limited expects the Single's Day sales event to increase earnings for the retailers. It set price targets for Alibaba and JD.
CICC's expectations and price targets could influence investor sentiment towards the mentioned stocks, but it's not directly impacted by the news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Alibaba is partnering with Bilibili for the Single's Day sales event. CICC set a price target of HK$137 for Alibaba.
The upcoming Single's Day sales event and the partnership with Bilibili could boost Alibaba's sales. The positive price target set by CICC also indicates potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Bilibili is partnering with JD and Alibaba for the Single's Day sales event.
Bilibili's partnership with JD and Alibaba for the Single's Day sales event could potentially increase its sales and earnings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JD.com is preparing for Single's Day sales and expects to sell over 800 million items. CICC set a price target of $44 for JD.
The upcoming Single's Day sales event is expected to boost JD.com's earnings. The positive price target set by CICC also indicates potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100