The logo of JD.com is seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File photo Acquire Licensing Rights

BEIJING, Oct 13 (Reuters) – Shares in Chinese e-commerce giant JD.com (9618.HK) fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending.

JD.com shares hit record low, banks cut Q3 growth target on retail slowdown comes via ChinaTechNews.com.