JD.com shares rose over 9% on January 17, 2025, following the release of China's latest retail sales figures, which indicated a nearly 40% year-on-year increase in home appliance sales for December. This surge was attributed to effective subsidy policies. The company's stock performance was bolstered by Jefferies raising its price target for JD.com to $60 while maintaining a 'Buy' rating, anticipating strong fourth-quarter results driven by post-Double-11 gains and retail revenue momentum. Additionally, JD.com is entering the e-commerce gifting sector in competition with Alibaba and Tencent ahead of the Lunar New Year. The Hang Seng Tech Index also saw a 1% increase, with the Hang Seng Index gaining 0.2% on the same day, as chip stocks, including SMIC, surged over 9%. Overall, the market showed positive momentum for various Chinese stocks, particularly in the technology and retail sectors.