NEW YORK (TheStreet) -- Shares of JD.com Inc.(JD) - Get Report are higher by 2.70% to $29.28 in pre-market trading on Tuesday after being initiated with a 'buy' rating and a $36 price target at Jefferies Group (JEF) - Get Report.

The firm said it started the China-based online sales company with a strong rating based on JD's strategic partnership with Tencent Holdings Ltd (TCTZF) , and their ability to capture mobile commerce growth.

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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.