NEW YORK (TheStreet) -- Shares of Inc. (JD) 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).

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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