JD.com Option Alert: Sep 19 $40 Calls at the Bid: 7001 vs 85380 OI; Earnings 8/14 Before Open [est] 

JD.com Option Alert: Sep 19 $40 Calls at the Bid: 7001 @ $0.83 vs 85380 OI; Earnings 8/14 Before Open [est] Ref=$33.785

JD.com Option Alert: Sep 19 $36 Calls at the Bid: 5000 vs 4137 OI; Earnings 8/14 Before Open [est] 

JD.com Option Alert: Sep 19 $36 Calls at the Bid: 5000 @ $1.06 vs 4137 OI; Earnings 8/14 Before Open [est] Ref=$32.195

JD.com Option Alert: Sep 19 $38 Calls at the Bid: 11600 vs 12868 OI; Earnings 8/14 Before Open [est] 

JD.com Option Alert: Sep 19 $38 Calls at the Bid: 11600 @ $0.65 vs 12868 OI; Earnings 8/14 Before Open [est] Ref=$31.6

JD.com Option Alert: Sep 19 $38 Calls at the Bid: 7500 vs 5722 OI; Earnings 8/14 Before Open [est] 

JD.com Option Alert: Sep 19 $38 Calls at the Bid: 7500 @ $0.79 vs 5722 OI; Earnings 8/14 Before Open [est] Ref=$32.065

JD.com (NASDAQ:JD) Stock

JD.COM INC-ADR

JD.com

JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

JD.com, Inc. - American Depositary Shares

JD.com Inc

JUDO CAP HLDGS LTD by JUDO CAP HLDGS LTD.

Judo Capital Holdings Ltd

JD SPORTS FASHION PLC NEW by JD Sports Fashion PLC

JD Sports Fashion PLC

JDE Peets NV

JD HEALTH INTL INC by JD HEALTH INTL INC.

JD Health International Inc

JD HEALTH INTL UNSP/ADR by JD HEALTH INTL INC.

J.P. Morgan Exchange-Traded Fund Trust JPMorgan Dividend Leaders ETF

JD Logistics Inc

JD LOGISTICS INC U/ADR by JD LOGISTICS INC.

JAYDEN RES INC NEW by Jayden Resources, Inc.

Jayden Resources Inc

JPMorgan Healthcare Leaders ETF

JASDAQ-TOP20 ETF 10UNITS by Jasdaq-Top20 ETF

JAPAN DATA SCIENCE CNSDM by JAPAN DATA SCIENCE CONSORTIUM CO LTD.

JADESTONE ENERGY PLC by JADESTONE ENERGY PLC

Jadestone Energy PLC

JD SPORTS FAS PLC UNS/ADR by JD Sports Fashion PLC

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Jd Bancshares Inc

John Hancock Exchange-Traded Fund Trust John Hancock Disciplined Value International Select ETF

J.D. WEATHERSPOON PLC by J.D. Wetherspoon PLC

Wetherspoon (J D) PLC

J.D. WETHERSPOON S/ADR by J.D. Wetherspoon PLC

Jiade Ltd

<a href="https://www.wsj.com/business/deals/jd-com-in-advanced-talks-to-buy-germanys-ceconomy-in-2-6-billion-deal-aa091cd6">https://www.wsj.com/business/deals/jd-com-in-advanced-talks-to-buy-germanys-ceconomy-in-2-6-billion-deal-aa091cd6</a>

News

General

'JD.com in Advanced Talks to Buy Germany's Ceconomy in $2.6 Billion Deal'- WSJ

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$230.00</td>
<td>$41.0K</td>
<td>23.4K</td>
<td>40.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$34.3K</td>
<td>5.2K</td>
<td>6.0K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$10.00</td>
<td>$292.0K</td>
<td>2.0K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$125.00</td>
<td>$66.9K</td>
<td>12.0K</td>
<td>1.9K</td>
</tr>
<tr>
<td>YUMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$47.50</td>
<td>$528.0K</td>
<td>5.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$54.00</td>
<td>$28.4K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$33.00</td>
<td>$27.5K</td>
<td>4.6K</td>
<td>907</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$15.00</td>
<td>$25.8K</td>
<td>1.4K</td>
<td>321</td>
</tr>
<tr>
<td>SBET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/22/25</td>
<td>$50.00</td>
<td>$53.4K</td>
<td>1</td>
<td>315</td>
</tr>
<tr>
<td>JACK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$22.50</td>
<td>$90.8K</td>
<td>379</td>
<td>284</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 25, 2025. This event was a transfer of 200 contract(s) at a $230.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $205.0 per contract. There were 23491 open contracts at this strike prior to today, and today 40584 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bearish, expiring in 179 day(s) on January 16, 2026. This event was a transfer of 33 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $1040.0 per contract. There were 5251 open contracts at this strike prior to today, and today 6073 contract(s) were bought and sold. 
• Regarding QS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on July 25, 2025. Parties traded 1000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $292.0K, with a price of $292.0 per contract. There were 2038 open contracts at this strike prior to today, and today 4244 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on September 19, 2025. Parties traded 100 contract(s) at a $125.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $66.9K, with a price of $667.0 per contract. There were 12098 open contracts at this strike prior to today, and today 1969 contract(s) were bought and sold. 
• Regarding YUMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), we observe a call option trade with bullish sentiment. It expires in 179 day(s) on January 16, 2026. Parties traded 1200 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $528.0K, with a price of $440.0 per contract. There were 5215 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 25, 2025. This event was a transfer of 200 contract(s) at a $54.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $142.0 per contract. There were 2327 open contracts at this strike prior to today, and today 1019 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $33.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 4652 open contracts at this strike prior to today, and today 907 contract(s) were bought and sold. 
• Regarding SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we observe a call option sweep with bullish sentiment. It expires in 543 day(s) on January 15, 2027. Parties traded 50 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $518.0 per contract. There were 1461 open contracts at this strike prior to today, and today 321 contract(s) were bought and sold. 
• Regarding SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we observe a call option trade with bullish sentiment. It expires in 32 day(s) on August 22, 2025. Parties traded 300 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $53.4K, with a price of $178.0 per contract. There were 1 open contracts at this strike prior to today, and today 315 contract(s) were bought and sold. 
• For JACK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), we notice a put option sweep that happens to be bearish, expiring in 88 day(s) on October 17, 2025. This event was a transfer of 284 contract(s) at a $22.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.8K, with a price of $320.0 per contract. There were 379 open contracts at this strike prior to today, and today 284 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

JACK

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBET

YUMC

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Investors with a lot of money to spend have taken a bullish stance on JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 61 uncommon options trades for JD.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 42%, bearish.
Out of all of the special options we uncovered, 23 are puts, for a total amount of $1,149,377, and 38 are calls, for a total amount of $1,575,848.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $28.0 to $40.0 for JD.com over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of JD.com stands at 5896.21, with a total volume reaching 522,499.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JD.com, situated within the strike price corridor from $28.0 to $40.0, throughout the last 30 days.
<h3>JD.com 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753117291_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$2.86</td>
<td>$2.84</td>
<td>$2.86</td>
<td>$35.00</td>
<td>$91.5K</td>
<td>4.5K</td>
<td>790</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$0.86</td>
<td>$0.85</td>
<td>$0.86</td>
<td>$40.00</td>
<td>$89.4K</td>
<td>75.8K</td>
<td>22.4K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.09</td>
<td>$2.05</td>
<td>$2.09</td>
<td>$40.00</td>
<td>$86.5K</td>
<td>7.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$4.0</td>
<td>$3.9</td>
<td>$3.94</td>
<td>$36.00</td>
<td>$78.8K</td>
<td>176</td>
<td>200</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$2.95</td>
<td>$2.91</td>
<td>$2.91</td>
<td>$35.00</td>
<td>$69.8K</td>
<td>4.5K</td>
<td>470</td>
</tr>
</tbody>
</table>

<h3>About JD.com</h3>
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
Having examined the options trading patterns of JD.com, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>JD.com's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,536,155, the price of JD is down by -1.09%, reaching $33.55.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 24 days from now.</li>
</ul>
<h3>What The Experts Say On JD.com</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $40.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Benchmark has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $47. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $37. 
&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on JD.com, maintaining a target price of $28. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for JD.com, targeting a price of $50. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JD.com options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Markets

JD.com's Options: A Look at What the Big Money is Thinking

Benchmark analyst Fawne Jiang maintains JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) with a Buy and lowers the price target from $53 to $47.

Price Target

Analyst Ratings

Benchmark Maintains Buy on JD.com, Lowers Price Target to $47

On Friday, China&#8217;s State Administration for Market Regulation (SAMR) <a href="https://www.benzinga.com/topic/alibaba">called upon three</a> of the country&#8217;s leading food delivery platforms: Alibaba Group&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Ele.me, Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>), and JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>). The regulator urged these companies to adopt more &#8220;rational&#8221; competitive practices amidst an escalating price war within the sector.
SAMR&#8217;s intervention emphasized the need for these platforms to curb excessive discounting and promotional tactics. The regulator stressed the importance of fostering fair competition and maintaining a healthy market environment that benefits all stakeholders, including consumers, merchants, couriers, and the platforms themselves. 
Additionally, SAMR reminded the firms of their broader responsibilities to comply with existing e-commerce, anti-unfair competition, and food safety regulations, as <a href="https://www.scmp.com/tech/big-tech/article/3318843/chinas-top-market-regulator-summons-alibaba-meituan-jdcom-over-delivery-price-war?module=perpetual_scroll_0&amp;pgtype=article">reported</a> by SCMP on Friday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46362198/alibaba-huawei-dominate-chinas-growing-cloud-market" rel="noreferrer noopener">Alibaba, Huawei Dominate China&#8217;s Growing Cloud Market</a>
These warnings from the regulator come after several months of aggressive discounting by the three companies. In February, JD.com initiated a wave of price cuts by committing 10 billion Chinese yuan (approximately $1.4 billion) to enhance restaurant quality on its food delivery application. 
Alibaba responded with its own substantial subsidy campaign, investing 50 billion yuan across its Taobao Shangou platform, which notably included 100 days of &#8220;Super Saturdays&#8221; sales. 
Meituan subsequently joined the intense competition, reducing fees and expanding its rapid delivery services to encompass a wider range of products, such as groceries, electronics, and flowers.
This fierce competition and deep discounting have significantly boosted daily order volumes, which surged from around 100 million earlier this year to over 250 million last weekend. 
However, the sustainability of this strategy remains a concern for some industry observers. Wang Puzhong, head of local commerce at Meituan, openly criticized the trend in an interview with LatePost, describing the price war as &#8220;irrational&#8221; and warning of potential significant losses for the companies involved.
JPMorgan Chase analysts have cautioned that shares of Alibaba, Meituan, and JD.com could <a href="https://www.benzinga.com/markets/tech/25/07/46491351/meituan-cries-irrational-as-alibaba-escalates-delivery-battle">remain under pressure</a> for the next three to six months as investors contend with the uncertainty surrounding shrinking profit margins and substantial promotional expenditures. 
Bloomberg data further highlights the financial toll on Alibaba, showing a loss of $100 billion in market value with its stock plummeting 27% since March, nearly double the average decline among its tech sector peers. Goldman Sachs analysts project that Alibaba&#8217;s food delivery unit alone could incur losses of 41 billion yuan (approximately $5.7 billion) by June 2026.
This regulatory scrutiny and its potential financial repercussions are not unprecedented in China. In 2021, Chinese <a href="https://www.benzinga.com/government/22/09/28865203/alibaba-and-its-chinese-peers-better-watch-out-as-china-braces-to-hike-penalties-under-its-cyber-law">authorities collected</a> 23.6 billion yuan (approximately $3.53 billion) in antitrust fines, a staggering 52-fold increase from the previous year. This surge was primarily driven by a record 18.2 billion yuan penalty imposed on Alibaba and a 3.4 billion yuan fine levied against Meituan, both for monopolistic practices.
Price Actions:&nbsp;BABA shares are trading lower by&nbsp;0.07% to&nbsp;$120.15 premarket at&nbsp;last check Monday. JD is down 1.36%.
Read Next:
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</ul>
Photo by Mamun_Sheikh via Shutterstock

Government

Regulations

Tech

Media

MPNGY

Party's Over: China Tells Alibaba, Meituan, JD To Stop Bleeding

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) escalated <a href="https://www.benzinga.com/topic/chinese-stocks" target="_blank" rel="noreferrer noopener">China&#8217;s instant delivery</a> price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>).
The campaign, which includes &#8220;Super Saturdays&#8221; sales over the next 100 days, aims to boost consumption across groceries, food delivery, and other on-demand services.
Facing what Meituan described as &#8220;irrational competition,&#8221; the Beijing-based company reluctantly joined the fray to avoid appearing weak, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3318580/meituan-executive-bemoans-irrational-instant-commerce-price-war-alibaba-jdcom" rel="noreferrer noopener">reported</a> on Thursday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45437447/alibaba-stock-slides-5-after-revenue-miss-cloud-spend-hits-free-cash-flow" rel="noreferrer noopener">Alibaba Stock Slides 5% After Revenue Miss, Cloud Spend Hits Free Cash Flow</a>
The rivalry, reignited by JD.com&#8217;s 10 billion yuan investment in benchmark restaurants earlier this year, peaked over the past weekend as all three players flooded the market with aggressive subsidies. The price war has dramatically lowered delivery costs for items like coffee and tea, sometimes to just a few yuan, and driven total daily orders from 100 million at the start of 2025 to over 250 million.
Despite setting a record with 150 million orders over the weekend, Meituan warned of unsustainable economics. Wang criticized the mismatch between rising order volume and actual value, urging Alibaba and JD.com to prioritize long-term viability over flashy metrics.
The financial repercussions of this price war are already evident. JPMorgan Chase warned that Alibaba, Meituan, and JD.com shares may <a href="https://www.benzinga.com/markets/tech/25/07/46437458/alibaba-intensifies-instant-delivery-fight-with-new-campaign" target="_blank" rel="noreferrer noopener">remain under pressure</a> for three to six months due to ongoing uncertainty around profit margins and aggressive promotional spending.
Alibaba, specifically, has seen its market value plummet by $100 billion, with its shares dropping 27% since March, nearly double the decline experienced by its tech peers, according to Bloomberg. 
Goldman Sachs warned Alibaba could lose <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46387027/alibaba-bleeds-billions-as-delivery-price-war-erases-100-billion-in-market-value" target="_blank" rel="noreferrer noopener">41 billion yuan ($5.7 billion)</a> in food delivery by June 2026. Consequently, HSBC cut its price target by 15%, citing rising costs, while analysts like Julia Pan see room for recovery if regulators step in. Still, Franklin Templeton&#8217;s Nicholas Chui cautioned that profit-eroding price wars may deter investors.
Meanwhile, Bridgewater Associates <a href="https://www.benzinga.com/markets/tech/25/07/46437458/alibaba-intensifies-instant-delivery-fight-with-new-campaign" target="_blank" rel="noreferrer noopener">expressed growing confidence</a> in Chinese stocks, noting in its second-quarter investor letter that it &#8220;moderately increased&#8221; equity exposure by June 30, citing strong policy support and attractive valuations. The firm credited China&#8217;s rapid April response to U.S. tariff-driven market declines for stabilizing equities and sees current low valuations as offering favorable risk-reward.
Price Actions: BABA shares are trading higher by 3.41% to $121.30 premarket at last check Friday. JD is up 4.13%.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46462378/why-nvidias-jensen-huang-says-china-leads-in-open-source-ai" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Jensen Huang Says China Leads In Open-Source AI</a></li>
</ul>
Image via Shutterstock

Asia

Movers

Meituan Cries 'Irrational!' As Alibaba Escalates Delivery Battle

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$325.00</td>
<td>$27.5K</td>
<td>19.4K</td>
<td>116.7K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$222.50</td>
<td>$40.5K</td>
<td>8.1K</td>
<td>11.4K</td>
</tr>
<tr>
<td>FFAI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$2.50</td>
<td>$41.9K</td>
<td>1.0K</td>
<td>2.3K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$33.00</td>
<td>$44.7K</td>
<td>3.7K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SBET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$31.7K</td>
<td>8.8K</td>
<td>1.5K</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/25/25</td>
<td>$250.00</td>
<td>$41.2K</td>
<td>293</td>
<td>1.2K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$22.00</td>
<td>$44.0K</td>
<td>413</td>
<td>1.1K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$26.00</td>
<td>$29.0K</td>
<td>3.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$12.00</td>
<td>$28.4K</td>
<td>903</td>
<td>724</td>
</tr>
<tr>
<td>CBRL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$62.50</td>
<td>$48.3K</td>
<td>123</td>
<td>258</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on July 18, 2025. Parties traded 201 contract(s) at a $325.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $138.0 per contract. There were 19451 open contracts at this strike prior to today, and today 116782 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $222.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $203.0 per contract. There were 8146 open contracts at this strike prior to today, and today 11405 contract(s) were bought and sold. 
• Regarding FFAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFAI#NASDAQ">FFAI</a>), we observe a put option sweep with bullish sentiment. It expires in 29 day(s) on August 15, 2025. Parties traded 891 contract(s) at a $2.50 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $41.9K, with a price of $47.0 per contract. There were 1007 open contracts at this strike prior to today, and today 2347 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on August 15, 2025. This event was a transfer of 300 contract(s) at a $33.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $149.0 per contract. There were 3736 open contracts at this strike prior to today, and today 1567 contract(s) were bought and sold. 
• Regarding SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we observe a call option sweep with neutral sentiment. It expires in 29 day(s) on August 15, 2025. Parties traded 40 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $796.0 per contract. There were 8827 open contracts at this strike prior to today, and today 1549 contract(s) were bought and sold. 
• Regarding DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we observe a call option sweep with neutral sentiment. It expires in 8 day(s) on July 25, 2025. Parties traded 1083 contract(s) at a $250.00 strike. This particular call needed to be split into 77 different trades to become filled. The total cost received by the writing party (or parties) was $41.2K, with a price of $38.0 per contract. There were 293 open contracts at this strike prior to today, and today 1294 contract(s) were bought and sold. 
• For QS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), we notice a call option sweep that happens to be neutral, expiring in 547 day(s) on January 15, 2027. This event was a transfer of 100 contract(s) at a $22.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 413 open contracts at this strike prior to today, and today 1197 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on August 15, 2025. Parties traded 467 contract(s) at a $26.00 strike. This particular call needed to be split into 467 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $62.0 per contract. There were 3380 open contracts at this strike prior to today, and today 1193 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option trade with bearish sentiment. It expires in 883 day(s) on December 17, 2027. Parties traded 49 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $580.0 per contract. There were 903 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold. 
• For CBRL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on August 15, 2025. This event was a transfer of 250 contract(s) at a $62.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $48.3K, with a price of $194.0 per contract. There were 123 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CBRL

DASH

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

RIVN

TSLA

Investors with a lot of money to spend have taken a bullish stance on JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 22 uncommon options trades for JD.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 59% bullish and 36%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $492,400, and 14 are calls, for a total amount of $1,522,314.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $41.0 for JD.com during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for JD.com's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JD.com's whale activity within a strike price range from $30.0 to $41.0 in the last 30 days. 
<h3>JD.com Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752692474_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$0.71</td>
<td>$0.64</td>
<td>$0.65</td>
<td>$38.00</td>
<td>$754.0K</td>
<td>12.8K</td>
<td>4</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$0.73</td>
<td>$0.7</td>
<td>$0.71</td>
<td>$30.00</td>
<td>$142.0K</td>
<td>7.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$1.41</td>
<td>$1.4</td>
<td>$1.4</td>
<td>$32.00</td>
<td>$111.7K</td>
<td>3.2K</td>
<td>824</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.67</td>
<td>$2.62</td>
<td>$2.66</td>
<td>$35.00</td>
<td>$100.0K</td>
<td>7.3K</td>
<td>401</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.3</td>
<td>$5.25</td>
<td>$5.3</td>
<td>$35.00</td>
<td>$91.6K</td>
<td>5.1K</td>
<td>173</td>
</tr>
</tbody>
</table>

<h3>About JD.com</h3>
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
In light of the recent options history for JD.com, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of JD.com</h3>
<ul>
<li>Trading volume stands at 4,882,036, with JD's price down by -0.9%, positioned at $31.75.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 29 days.</li>
</ul>
<h3>What Analysts Are Saying About JD.com</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $38.33.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $37. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for JD.com, targeting a price of $50. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on JD.com with a target price of $28. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JD.com options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

What the Options Market Tells Us About JD.com

<a target="_blank" href="https://www.benzinga.com/topic/alibaba" rel="noreferrer noopener">Chinese e-commerce juggernaut</a> Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is intensifying its efforts in China&#8217;s fiercely competitive instant delivery market by launching a new 100-day Super Saturdays campaign under its Taobao Shangou brand.
This initiative, <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3318125/alibaba-delivers-80-million-orders-1-day-amid-fierce-price-war-meituan-jdcom?module=perpetual_scroll_1_RM&amp;pgtype=article" rel="noreferrer noopener">reported</a> by SCMP on Tuesday, aims to significantly boost daily order volumes and draw users away from formidable rivals like Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) and JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).
Through &#8220;Super Saturdays,&#8221; consumers can receive substantial subsidies, up to 188 Chinese yuan (approximately $26), on inexpensive items such as milk tea and breakfast.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46387027/alibaba-bleeds-billions-as-delivery-price-war-erases-100-billion-in-market-value" rel="noreferrer noopener">Alibaba Bleeds Billions As Delivery Price War Erases $100 Billion In Market Value</a>
This strategic move comes amidst an escalating price war that has seen competitors employ equally aggressive tactics. Meituan, for instance, has been distributing complimentary milk tea through coupons, while JD.com has been offering nightly crayfish meals at a fixed, remarkably low price.
Adding to the intensity, Taobao itself rolled out a 50 billion yuan subsidy plan on July 2, which quickly prompted counter-announcements from its rivals.
Analysts say Alibaba&#8217;s deep pockets give it a firm footing to challenge rivals, though Meituan remains the market leader in scale and efficiency.
On July 11, Meituan&#8217;s daily instant retail order volume reached an impressive 150 million, nearly double Taobao Shangou&#8217;s 80 million.
According to Bank of China International, Meituan will likely hold its lead through 2025 and could sustain flat operating profits even if aggressive price-cutting continues through year-end.
Despite the heavy discounting and the &#8220;burn money&#8221; strategies employed by these companies, analysts remain optimistic about the long-term potential of the instant commerce sector in China.
The Chinese Academy of International Trade and Economic Cooperation, as cited by SCMP, projects that China&#8217;s instant commerce market is poised to exceed 2 trillion yuan ($279 billion) by 2030.
However, a recent report from JPMorgan Chase issued a cautionary note, suggesting that the share prices of Alibaba, Meituan, and JD.com could remain under pressure for the next three to six months.
This outlook is attributed to uncertainties surrounding profit margins and the sustainability of these extensive promotional campaigns.
Bridgewater Associates grew more optimistic about Chinese stocks after Beijing&#8217;s stimulus measures lifted its onshore China fund by 14% in the first half of the year, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-07-15/bridgewater-grows-more-bullish-on-china-stocks-after-14-return?sref=TBDibEcD" rel="noreferrer noopener">reported</a> on Tuesday.
In a second-quarter investor letter, the firm&#8217;s China unit said it had &#8220;moderately increased&#8221; its equity exposure as of June 30, citing strong policy support and attractive valuations.
Bridgewater credited China&#8217;s swift April response to market declines, triggered by U.S. tariffs, with helping stabilize equities and bonds.
The firm added that low valuations still offer solid risk-reward potential and plans to raise exposure to risk assets amid ongoing government support.
Price Action:&nbsp;BABA shares are trading lower by&nbsp;1.09% to&nbsp;$115.70 premarket at&nbsp;last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/07/46434880/nvidias-china-comeback-sparks-rally-in-alibaba-baidu-tencent-shares" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s China Comeback Sparks Rally In Alibaba, Baidu, Tencent Shares</a></li>
</ul>
Image via Shutterstock

MPNGF

Alibaba Intensifies Instant Delivery Fight With New Campaign

Chinese technology stocks surged on the Hong Kong Stock Exchange on Wednesday following the U.S. government&#8217;s decision to lift certain semiconductor export restrictions to China.
What Happened: The rally followed Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">announcement on Monday</a> that it would resume H20 GPU sales in China and launch a new RTX PRO graphics chip specifically designed for Chinese customers. 
CEO Jensen Huang stated the company is submitting applications to restart H20 shipments, with U.S. government assurances that license approvals will be granted.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Stock on the Hong Kong stock exchange</th>
<th>Price (HKD)</th>
<th>US$ Price</th>
<th>Daily Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)</td>
<td>115.40</td>
<td>$15.00</td>
<td>+1.67%</td>
</tr>
<tr>
<td>Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)</td>
<td>519.00</td>
<td>$67.47</td>
<td>+0.29%</td>
</tr>
<tr>
<td>Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</td>
<td>89.15</td>
<td>$11.59</td>
<td>+1.65%</td>
</tr>
<tr>
<td>JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)</td>
<td>125.90</td>
<td>$16.37</td>
<td>+0.72%</td>
</tr>
<tr>
<td>Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>)</td>
<td>57.70</td>
<td>$7.50</td>
<td>+0.087%</td>
</tr>
</tbody>
</table>
</figure>
The U.S. had previously imposed broad <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46413630/chinese-stocks-see-broad-rally-as-us-eases-chip-curbs">semiconductor restrictions on China</a>, limiting access to advanced chips from key companies including Nvidia, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), and Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). 
These measures, enacted citing national security concerns, aimed to curb China&#8217;s technological advancement in critical areas.
Alibaba co-founder Joe Tsai previously stated that China lagged behind the U.S. by <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46413630/chinese-stocks-see-broad-rally-as-us-eases-chip-curbs">approximately two years in AI development</a>, attributing this gap largely to technology restrictions.
The export curbs had limited Chinese firms&#8217; access to advanced chips, hampering Alibaba&#8217;s cloud business and computing services capabilities.
See Also: <a href="https://www.benzinga.com/trading-ideas/previews/25/07/46430101/bank-of-america-q2-earnings-preview-can-top-warren-buffett-holding-keep-beating-analyst-estimates">Bank Of America Q2 Earnings Preview: Can Top Warren Buffett Holding Keep Beating Analyst Estimates?</a>
Why It Matters: The semiconductor restrictions had a significant financial impact on U.S. companies. N<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46413630/chinese-stocks-see-broad-rally-as-us-eases-chip-curbs">vidia booked a $4.5 billion charge</a> in its first quarter as a direct result of the H20 export ban to China, which took effect April 9.
China&#8217;s economy <a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/07/46430471/chinas-gdp-growth-beats-expectations-but-which-etfs-will-actually-benefit">expanded 5.2% in the second quarter of 2025</a>, slightly exceeding the 5.1% economists&#8217; forecast but representing a deceleration from the first quarter&#8217;s 5.4% rate. The performance keeps Beijing on track to achieve its 5% full-year growth target.
Huang is scheduled to attend China&#8217;s International Supply Chain Expo opening <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46413630/chinese-stocks-see-broad-rally-as-us-eases-chip-curbs">ceremony in Beijing on Wednesday</a>, where he may meet with top Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng. 
According to the Financial Times, Nvidia plans to debut a China-specific AI chip as early as September, a modified version of the Blackwell RTX Pro 6000 designed to <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46413630/chinese-stocks-see-broad-rally-as-us-eases-chip-curbs">comply with U.S. export regulations</a>.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46434347/nvidia-says-washington-gets-it-after-trumps-ai-czar-david-sacks-says-us-has-to-outcompete-global-rivals">Nvidia Says &#8216;Washington Gets It&#8217; After Trump&#8217;s AI Czar David Sacks Says US Has To &#8216;Outcompete&#8217; Global Rivals</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Robert Way / Shutterstock.com

ASML

BIDU

NVDA

TCEHY

XIACY

Nvidia's China Comeback Sparks Rally In Alibaba, Baidu, Tencent Shares

WIIM

XPEV

Shares of US-listed Chinese stocks are trading higher in possible reaction to the US easing chip export curbs. This could help alleviate trade tensions.

U.S.-listed Chinese stocks, including tech giants Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), experienced significant gains on Tuesday. 
This surge followed the <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">U.S. government&#8217;s recent decision</a> to lift certain chip export restrictions to China. The positive sentiment also extended to Chinese electric vehicle companies like NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), which saw strong upward momentum.
For some time, Washington had slapped multiple semiconductor restrictions on China, severely limiting its access to advanced semiconductor technology. These measures were enacted citing national security concerns, aiming to curb China&#8217;s technological advancement in critical areas.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46362198/alibaba-huawei-dominate-chinas-growing-cloud-market" rel="noreferrer noopener">Alibaba, Huawei Dominate China&#8217;s Growing Cloud Market</a>
Amidst these developments, graphics processing unit (GPU) giant Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) made a pivotal announcement on Monday. The company confirmed it would restart sales of its H20 GPU in China and also launch a new RTX PRO graphics chip specifically designed for Chinese customers. 
Nvidia CEO Jensen Huang stated that the company is actively submitting applications to resume H20 shipments, and the U.S. government has provided assurances that these license approvals will be granted, with deliveries expected to commence soon. 
Furthermore, Huang introduced the RTX PRO GPU, which is fully compliant with U.S. export rules and is tailored for AI-powered digital twins in smart factories and logistics applications. This move underscores Nvidia&#8217;s strategic efforts to maintain its competitive edge in the crucial Chinese market despite stricter trade policies.
Previously, the U.S. had broadly prohibited China from accessing technology from key semiconductor companies such as Nvidia, Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), and Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). 
These semiconductor chips are fundamental components for virtually every modern electronic device, ranging from smartphones to advanced electric vehicles.
In 2024, Joe Tsai, co-founder and chairman of Alibaba, publicly stated that China lagged behind the U.S. by approximately <a href="https://www.benzinga.com/government/24/04/38140039/us-embargo-on-nvidia-stings-hard-chinas-ai-development-lags-peers-alibabas-joe-tsai-reveals">two years</a> in AI development. 
He attributed this significant gap largely to the U.S. technology restrictions. In a podcast interview, Tsai explained that Washington&#8217;s export curbs had limited Chinese firms&#8217; access to advanced chips like Nvidia&#8217;s GPUs, which in turn severely hampered Alibaba&#8217;s cloud business and its ability to provide top-tier computing services to its clients.
The U.S. chip companies, recognizing the substantial portion of their revenue generated from the Chinese market, had been actively lobbying the U.S. government to ease these restrictions. 
Their arguments highlighted the detrimental impact of the bans on their financial performance. As a direct consequence of the export ban on H20 products to China, which came into effect on April 9, Nvidia notably booked a <a href="https://www.benzinga.com/markets/tech/25/07/46295574/nvidia-outpaces-market-with-ai-powered-growth">$4.5 billion charge</a> in its first quarter, reflecting the significant financial hit.
Looking ahead, Nvidia CEO Jensen Huang is reportedly slated to attend the <a href="https://www.benzinga.com/markets/tech/25/07/46407075/nvidia-ceo-jensen-huang-to-attend-china-supply-chain-expo-in-beijing-on-wednesday-says-state-tv">opening ceremony</a> of China&#8217;s International Supply Chain Expo in Beijing on Wednesday. 
<a href="https://www.benzinga.com/markets/tech/25/07/46336670/nvidia-prepares-china-specific-ai-chip-amid-us-export-curbs-as-ceo-jensen-huang-plans-beijing-visit-next-week-to-reassure-market-report">Prior reports</a> had indicated that Huang was preparing for an important diplomatic trip to China, where the company intended to introduce a new, scaled-down AI chip that adheres to U.S. export regulations. 
According to the Financial Times, this new chip is a modified version of the Blackwell RTX Pro 6000, designed with certain advanced features, such as high-bandwidth memory and NVLink, excluded to comply with the restrictions. 
Nvidia reportedly plans to debut this China-specific AI chip as early as September. Sources familiar with the matter also noted that Huang aims to meet with top Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng, during his visit to the International Supply Chain Expo next week in Beijing.
Price Action: BABA stock is trading up 5.66% to $114.35 premarket at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46412125/trumps-latest-move-on-ai-and-china-propels-chip-stocks" target="_blank" rel="noreferrer noopener">Trump&#8217;s Latest Move On AI And China Propels Chip Stocks</a></li>
</ul>
Image via Shutterstock

Chinese Stocks See Broad Rally As US Eases Chip Curbs

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$315.00</td>
<td>$30.0K</td>
<td>9.3K</td>
<td>52.7K</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$28.00</td>
<td>$287.0K</td>
<td>1.9K</td>
<td>8.4K</td>
</tr>
<tr>
<td>SBET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$25.00</td>
<td>$122.7K</td>
<td>199</td>
<td>3.4K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$34.00</td>
<td>$194.8K</td>
<td>3.3K</td>
<td>1.3K</td>
</tr>
<tr>
<td>BBY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$72.50</td>
<td>$25.1K</td>
<td>727</td>
<td>1.0K</td>
</tr>
<tr>
<td>FUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$123.0K</td>
<td>1.0K</td>
<td>887</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/17/27</td>
<td>$60.00</td>
<td>$56.7K</td>
<td>344</td>
<td>547</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$105.00</td>
<td>$484.0K</td>
<td>718</td>
<td>423</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$370.00</td>
<td>$2.0 million</td>
<td>259</td>
<td>400</td>
</tr>
<tr>
<td>TPR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$908.2K</td>
<td>6.0K</td>
<td>340</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 18, 2025. This event was a transfer of 43 contract(s) at a $315.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $700.0 per contract. There were 9334 open contracts at this strike prior to today, and today 52728 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a put option sweep that happens to be bearish, expiring in 186 day(s) on January 16, 2026. This event was a transfer of 820 contract(s) at a $28.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $287.0K, with a price of $350.0 per contract. There were 1957 open contracts at this strike prior to today, and today 8455 contract(s) were bought and sold. 
• For SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on July 18, 2025. This event was a transfer of 501 contract(s) at a $25.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $122.7K, with a price of $245.0 per contract. There were 199 open contracts at this strike prior to today, and today 3478 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a put option trade with bearish sentiment. It expires in 67 day(s) on September 19, 2025. Parties traded 473 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $194.8K, with a price of $412.0 per contract. There were 3353 open contracts at this strike prior to today, and today 1376 contract(s) were bought and sold. 
• For BBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), we notice a call option trade that happens to be bearish, expiring in 32 day(s) on August 15, 2025. This event was a transfer of 147 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $171.0 per contract. There were 727 open contracts at this strike prior to today, and today 1097 contract(s) were bought and sold. 
• For FUN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on August 15, 2025. This event was a transfer of 879 contract(s) at a $30.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $123.0K, with a price of $140.0 per contract. There were 1039 open contracts at this strike prior to today, and today 887 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a put option sweep that happens to be neutral, expiring in 886 day(s) on December 17, 2027. This event was a transfer of 15 contract(s) at a $60.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $56.7K, with a price of $3785.0 per contract. There were 344 open contracts at this strike prior to today, and today 547 contract(s) were bought and sold. 
• For DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we notice a put option trade that happens to be bullish, expiring in 67 day(s) on September 19, 2025. This event was a transfer of 400 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $484.0K, with a price of $1210.0 per contract. There were 718 open contracts at this strike prior to today, and today 423 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bearish sentiment. It expires in 186 day(s) on January 16, 2026. Parties traded 400 contract(s) at a $370.00 strike. The total cost received by the writing party (or parties) was $2.0 million, with a price of $5150.0 per contract. There were 259 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• Regarding TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we observe a call option sweep with bearish sentiment. It expires in 186 day(s) on January 16, 2026. Parties traded 239 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $908.2K, with a price of $3800.0 per contract. There were 6033 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

DECK

B of A Securities analyst Joyce Ju maintains JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) with a Buy and lowers the price target from $44 to $37.

B of A Securities Maintains Buy on JD.com, Lowers Price Target to $37

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) <a href="https://www.benzinga.com/topic/alibaba" target="_blank" rel="noreferrer noopener">matched its record</a> of 80 million on-demand deliveries on Saturday, intensifying its competition with Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) and JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) in China&#8217;s high-stakes quick-delivery market. 
The e-commerce firm has leaned heavily on giveaways and aggressive discounts to attract users, SCMP <a href="https://www.scmp.com/tech/big-tech/article/3318125/alibaba-delivers-80-million-orders-1-day-amid-fierce-price-war-meituan-jdcom" target="_blank" rel="noreferrer noopener">reported</a> on Monday. 
Taobao Shangou, Alibaba&#8217;s newly launched instant commerce brand, stated that its daily active users rose 15% week-over-week, bringing the estimated total to around 230 million. The brand also confirmed achieving 80 million deliveries on July 5. 
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46362198/alibaba-huawei-dominate-chinas-growing-cloud-market" rel="noreferrer noopener">Alibaba, Huawei Dominate China&#8217;s Growing Cloud Market</a>
On Saturday, platforms including Meituan, Taobao, Ele.me, and JD.com launched a wave of cash subsidies and promotions in a sweeping nationwide campaign to reshape shopping behavior. 
By offering free items like milk tea, many physical stores had to halt walk-in services due to the flood of online orders, signaling a shift in retail dynamics.
Meituan distributed coupons allowing users to get milk tea for 0 Chinese yuan, while Taobao provided 188 yuan ($26) coupons redeemable for discounted goods like milk tea and breakfast. It also released flash coupons, including one for 18.80 yuan off purchases above 18.80 yuan.
JD.com announced on Friday that it would sell 100,000 servings of crayfish nightly at a fixed price of 16.18 yuan from 6 p.m. to 2 a.m. As a result, its instant retail platform hit a new peak with 150 million orders on Saturday.
Alibaba is ramping up its <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46292413/alibabas-delivery-ambition-sets-stage-for-chinas-epic-clash-of-giants" rel="noreferrer noopener">on-demand delivery</a> efforts with a 50 billion yuan ($7 billion) subsidy program aimed at consumers and merchants over the next year. In June, the company merged Ele.me and Fliggy into its core e-commerce unit to boost efficiency and better compete with Meituan and JD.com.
According to Jefferies, Alibaba now focuses on unifying food delivery, instant commerce, and retail to unlock cross-platform synergies. The company credited Taobao Instant Commerce for helping double China&#8217;s daily instant delivery orders from 100 million in May to 200 million.
<h2 class="wp-block-heading">Price War Takes Toll</h2>
Meanwhile, China&#8217;s intensifying food delivery price war has wiped $100 billion from Alibaba&#8217;s market value, dragging its Hong Kong-listed shares down 27% since March, almost double the decline seen in its tech peers, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-11/alibaba-risks-deepening-100-billion-rout-as-turf-war-heats-up?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported</a> on Friday.
Goldman Sachs told Bloomberg Alibaba could post a 41 billion yuan ($5.7 billion) loss in its food delivery operations for the 12 months ending June 2026, roughly one-third of its net income for the previous fiscal year. 
Analysts from HSBC, including Charlene Liu, cut their price target for Alibaba by 15% this week, citing aggressive spending in food delivery and instant commerce as a significant drag on earnings.
Julia Pan of UOB Kay Hian Holdings told Bloomberg that regulatory intervention to curb price wars could improve margin outlook, while current valuation levels may trigger dip buying.
Still, caution remains. Nicholas Chui, portfolio manager at Franklin Templeton, warned Bloomberg that price wars sacrificing profitability for market share could make certain stocks unattractive.
The competition escalated after JD.com entered the food delivery market in February, targeting Meituan&#8217;s dominance with aggressive subsidies, as per the Monday SCMP report. According to Bocom International, Meituan held 65% of the market in 2024, while Ele.me controlled 33%, leaving just 2% for all other platforms combined.
Price Action:&nbsp;BABA shares are trading higher by&nbsp;1.47% to&nbsp;$108.29 premarket at&nbsp;last check on Monday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46365117/goldman-bets-on-ai-developer-to-boost-productivity-could-this-be-the-future-of-wall-street-jobs" target="_blank" rel="noreferrer noopener">Goldman Bets On AI Developer To Boost Productivity—Could This Be The Future Of Wall Street Jobs?</a></li>
</ul>
Photo by Robert Way via Shutterstock

Alibaba Bleeds Billions As Delivery Price War Erases $100 Billion In Market Value

UBS analyst Kenneth Fong maintains JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) with a Buy and lowers the price target from $58 to $50.

UBS Maintains Buy on JD.com, Lowers Price Target to $50

Whales with a lot of money to spend have taken a noticeably bullish stance on JD.com.
Looking at options history for JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) we detected 35 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $342,460 and 24, calls, for a total amount of $986,278.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $26.0 and $45.0 for JD.com, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of JD.com stands at 2830.61, with a total volume reaching 27,551.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JD.com, situated within the strike price corridor from $26.0 to $45.0, throughout the last 30 days.
<h3>JD.com Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752174083_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$5.45</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$30.00</td>
<td>$108.0K</td>
<td>4.1K</td>
<td>202</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$45.00</td>
<td>$105.0K</td>
<td>1.8K</td>
<td>510</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$5.45</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$30.00</td>
<td>$54.0K</td>
<td>4.1K</td>
<td>302</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$0.44</td>
<td>$0.38</td>
<td>$0.38</td>
<td>$32.00</td>
<td>$45.0K</td>
<td>3.1K</td>
<td>3.2K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$3.05</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$45.00</td>
<td>$45.0K</td>
<td>1.8K</td>
<td>10</td>
</tr>
</tbody>
</table>

<h3>About JD.com</h3>
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
<h3>JD.com's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,503,644, the price of JD is down by -0.93%, reaching $31.3.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>What The Experts Say On JD.com</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $28.0.
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&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on JD.com, maintaining a target price of $28. 
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Smart Money Is Betting Big In JD.com Options

8 analysts have expressed a variety of opinions on JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $43.12, along with a high estimate of $53.00 and a low estimate of $28.00. A 13.01% drop is evident in the current average compared to the previous average price target of $49.57. 
<img src="https://www.benzinga.com/files/images/story/2025/1752156028_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of JD.com among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eddy Wang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$28.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Andre Chang</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>James Lee</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$53.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Alicia Yap</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$51.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Ellie Jiang</td>
<td>Macquarie</td>
<td>Announces</td>
<td>Neutral</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Joyce Ju</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$51.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to JD.com. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of JD.com compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for JD.com's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of JD.com's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/JD/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on JD.com analyst ratings.</a>
<h2>About JD.com</h2>
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
<h3>JD.com: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: JD.com displayed positive results in 3M. As of 31 March, 2025, the company achieved a solid revenue growth rate of approximately 15.78%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 3.62%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): JD.com's ROE excels beyond industry benchmarks, reaching 4.6%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.58%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.37, JD.com adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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What Analysts Are Saying About JD.com Stock

Morgan Stanley analyst Eddy Wang maintains JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) with a Equal-Weight and lowers the price target from $39 to $28.

Morgan Stanley Maintains Equal-Weight on JD.com, Lowers Price Target to $28

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) reported a sharp rise in <a target="_blank" href="https://www.benzinga.com/topic/alibaba" rel="noreferrer noopener">on-demand delivery transactions</a>, with combined daily orders on its platforms, Taobao Instant Commerce and Ele.me, reaching 80 million. This information was shared in a Monday post on Alibaba&#8217;s official WeChat account, <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3317275/taobaos-daily-demand-orders-soar-chinas-instant-e-commerce-war-heats" rel="noreferrer noopener">as</a> reported by the South China Morning Post.
Taobao Instant Commerce, launched in late April, gained traction quickly. It hit 10 million daily orders in its first week and 40 million within a month, then jumped from 60 to 80 million in just 12 days amid summer promotions and subsidies.
The platform&#8217;s daily active users have now surpassed 200 million, signaling Alibaba&#8217;s intensified efforts to compete with rivals like Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) and JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) in the rapidly expanding instant delivery market.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/25/06/46091793/chinas-food-delivery-war-heats-up-as-jd-com-recruits-thousands-of-full-time-riders" rel="noreferrer noopener">China&#8217;s Food Delivery War Heats Up As JD.com Recruits Thousands Of Full-Time Riders</a>
In the ongoing competition, Meituan, a major player in the food delivery sector, reported 120 million daily transactions on Saturday, leading to brief server overloads as food and retail order volumes peaked during high-demand periods. Meituan maintains a steady hold on its 70% market share in domestic food delivery.
Alibaba&#8217;s strategic push into on-demand delivery is further evidenced by its commitment of a 50 billion yuan (approximately $7 billion) subsidy program for consumers and merchants over the next year. This program is designed to accelerate growth beyond Alibaba&#8217;s traditional e-commerce business.
To streamline operations and enhance its competitive edge against Meituan and JD.com, Alibaba integrated Ele.me and Fliggy into its <a target="_blank" href="https://www.benzinga.com/markets/asia/25/06/46047699/alibaba-integrates-ele-me-and-fliggy-into-core-business-to-battle-rivals-in-delivery-war" rel="noreferrer noopener">core e-commerce unit</a> in June.
Analysts from Jefferies told the SCMP that Alibaba now focuses on integrating food delivery, instant commerce, and traditional retail to maximize synergies across segments.
Alibaba stated that the rapid expansion of Taobao Instant Commerce has contributed to a doubling of China&#8217;s total daily instant delivery orders across different platforms from around 100 million in May to 200 million.
Investors have shown optimism, pushing Alibaba and other Chinese stocks higher on Tuesday, largely in anticipation of the upcoming U.S. tariff deadline.
According to a report from Elara <a target="_blank" href="https://www.cnbctv18.com/market/stocks/global-investors-are-flocking-to-chinese-stocks-ahead-of-us-tariffs-deadline-19632525.htm" rel="noreferrer noopener">cited</a> by CNBC, Chinese equities saw $2.4 billion in inflows last week alone. This trend is part of a larger pattern, with emerging market funds attracting over $6 billion in the past three weeks, marking the fastest inflow pace since January 2023.
President Donald Trump had initially set a July 9 deadline for various countries to finalize trade deals to avoid higher tariff rates. However, the White House confirmed that President Trump will sign an executive order to delay this deadline to August 1, 2025. This three-week reprieve is intended to allow more time for trade negotiations, as the administration aims to secure favorable trade deals.
Price Action:&nbsp;BABA shares are trading higher by&nbsp;2.40% to&nbsp;$108.82 premarket at&nbsp;last check Tuesday.
Read Next:
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Photo by Robert Way via Shutterstock

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JD.com Announces US$5.0 Billion New Share Repurchase Program

JD.com to Report Third Quarter 2024 Financial Results on November 14, 2024

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JD.com Announces Fourth Quarter and Full Year 2024 Results, and Annual Dividend

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
12:53 PMJul 18, 2025	CALL	$40.00	Sep 19, 2025	56	56048	7001	66	85380	TRADE	BULLISH
11:49 AMJul 17, 2025	CALL	$36.00	Sep 19, 2025	56	5114	5000	124	4137	TRADE	BEARISH
11:56 AMJul 16, 2025	CALL	$38.00	Sep 19, 2025	56	4	11600	0	12868	TRADE	BEARISH
02:50 PMJul 15, 2025	CALL	$38.00	Sep 19, 2025	56	7719	7500	135	5722	TRADE	BEARISH