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<Research>CMS Ratings, TPs on CN E-commerce & Consumption (Table)
Recommend
60
Positive
75
Negative
54
Shares | Ratings | Target prices (US$)

Alibaba (BABA.US) | Overweight | 126

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Pinduoduo (PDD.US) | Overweight | 163

JD.com (JD.US) | Overweight | 50

Vipshop (VIPS.US) | Neutral | Under Review

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