JD.com Founder Pledges to Protect Chinese Jobs Against AI and Robots

JD.com shares have fallen 5.4% in the last 24 hours, with the RSI dropping to 27.8, entering oversold territory. The MACD remains negative below the signal line, and the stock is trading below both short-term and long-term moving averages. News headlines indicate that the founder's pledge to protect jobs against AI and robots may be perceived by investors as cost-increasing or competitiveness-weakening. The weakness in technical indicators and the potential for negative interpretation of the news suggest that selling pressure could persist in the short term. However, the oversold condition may also signal a potential buying opportunity for a rebound.

The news that JD.com’s founder pledged to protect Chinese jobs from AI and robots could negatively affect expectations of productivity gains in the technology sector. The 9988.HK share fell 4.69% in the last 24 hours and, while approaching the oversold region with an RSI of 32.69, remains below the MACD signal line and in the negative zone. The price staying below the short‑term SMAs (20‑ and 50‑day) indicates that the downtrend may continue. The uncertainty created by the news and the weakness in technical indicators increase the potential for further decline in the share over the next 1–3 days.