JD-SW (09618.HK) -4.100 (-3.028%) Short selling $78.18M; Ratio 6.771% (JD.US) 's 1Q25 results beat expectations with both quarterly active users and GMV maintaining double-digit YoY growth, Jefferies noted in its research report.The JD-SW management also revealed that the company's newly launched food delivery business had reached nearly 20 million orders per day. The future focus will be on the growth prospects of user experience, scale, and return on investment for the group.Related NewsUOB Kay Hian Trims JD-SW (09618.HK) TP to $185; 1Q Results BeatBelieving that local instant delivery and food delivery services are natural extensions of JD-SW's core retail business and there are potential synergistic effects, Jefferies anticipated the company's retail business revenue and operating profit to improve this year.The broker kept a Buy rating on JD-SW and raised its target price from HKD250 to HKD257, along with a 2% rise in its 2025-26 revenue forecasts.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)