JD.com's Logistics Pact with Deppon Drives Modest 0.4% Gain as Stock Ranks 110th in U.S. Trading Value

On September 18, 2025, , , . equities. The stock's performance was influenced by its strategic logistics partnership with Deppon Logistics, which aims to streamline supply chain operations through asset integration and cost optimization. This collaboration is expected to enhance JD's delivery efficiency and reduce long-term infrastructure expenses.

Market participants noted that the stock's modest rise aligned with improved investor sentiment toward e-commerce sector fundamentals. , . , .

To run this cross-section back-test I need to fill in a few practical details that weren’t specified. Please let me know if the following default assumptions are acceptable (or tell me what you’d like changed): 1. Universe • U.S. common stocks / ADRs listed on NYSE + NASDAQ (≈ 3 000–4 000 names). • If you prefer a different universe (e.g., only S&P 500 constituents) please tell me. 2. Daily volume measure • Rank by the previous trading day’s share volume (not dollar volume). • Select the top 500 names each day. 3. Trade timing & holding period • Enter at the next day’s open, exit at that same day’s close (≈ 6½-hour holding period). • Equal-weight across the 500 positions. 4. Frictional costs • Assume zero commissions/slippage unless you specify a rate. 5. Back-test period • 2022-01-03 (first trading day of 2022) through the latest available close. Once you confirm (or amend) these items I’ll proceed to construct the data-retrieval plan and execute the back-test.