Analyst Coverage

Firm Analyst
86Research Limited
Xiaoyan Wang
Aretes
Bonnie Ho
Bank of America
Eddie Leung
Bank of China International
Michael Meng
Bernstein
Robin Zhu
Blue Lotus Capital Advisors Ltd.
Shawn Yang
BOCOM International
Mengqi Sun
CCB International Securities Ltd
Ronnie Ho
China Galaxy International Securities (China) co. Ltd
Lei Yang
China International Capital Corporation
Yang Bai
China Merchants Securities
Zhechuan Ding
China Renaissance
Ella Ji
China Securities
Xiaolei Sun
Citi Research
Alicia Yap
CITIC Group
Fan Wang
Credit Lyonnais Securities Asia
Elinor Leung
Credit Suisse
Kenneth Long
Daiwa Capital Markets Hong Kong Ltd.
John Choi
DBS Vickers Securities
Kennis Lau
Deutsche Bank
Vitus Leung
Essence Securities
Beibei Zhou
First Shanghai Securities Ltd
Peter Han
GF Securities Co. Ltd.
Tao Hong
Goldman Sachs
Ronald Keung
Guotai Junan Securities Ltd.
Danny Law
Haitong International Securities Group Ltd.
Natalie Wu
HSBC
Charlene Liu
Hua Tai Securities Co., Ltd.
Saiyi He
ICBC Research
Zeping Zhao
J.P.Morgan
Alex Yao
Jefferies Hong Kong
Thomas Chong
Loop Capital Markets
Rob Sanderson
Macquarie Group
Han Joon Kim
Mizuho Bank Ltd.
James Lee
Morgan Stanley
Eddy Wang
Morningstar
Chelsey Tam
New Street Research
Jin K. Yoon
Nomura International (Hong Kong) Ltd.
Jialong Shi
Stifel Financial Corp.
Scott Devitt
Susquehanna International Group
Shyam Patil
SWS Research
Lingyi Zhao
T. H. Capital, LLC
Tian Hou
The Benchmark Company
Fawne Jiang
UBS Securities Asia Ltd.
Jerry Liu
UOB Kay Hian Ltd.
Julia Pan

JD.Com, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding JD.Com, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of JD.Com, Inc. or its management. JD.Com, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.