www.jpmorganmarkets.comAsiaPacificEquityResearch20February2020EquityRatingsandPriceTargetsMktCapPriceRatingPriceTargetCompanyTicker($mn)CCYPriceCurPrevCurEndDatePrevEndDateJD.com,Inc.JDUS63,197USD42.95OWn/c50.00Dec-2043.00n/cVipshopVIPSUS9,118USD13.67OWn/c17.00Dec-2016.00n/cPinduoduoInc.PDDUS48,676USD37.13UWn/c21.00Dec-20n/cn/cMeituanDianping(3690)3690HK72,980HKD103.30OWn/c120.00Dec-20125.00n/cTrip.comGroupLtdTCOMUS18,451USD34.79OWn/c40.00Dec-2037.00n/cTongcheng-Elong(0780)780HK3,211HKD12.02OWn/c16.00Jun-2018.00n/cAlibabaGroupHoldingLimitedBABAUS579,785USD222.14OWn/c280.00Dec-20260.00n/cSource:Companydata,Bloomberg,J.P.Morganestimates.n/c=nochange.Allpric...