JD.com Beats Q2 Revenue and Earnings Forecasts, But Stock Falls on Sales Slowdown
JD.com Q2 net revenue fell 2.9% to RMB 346.4 billion but beat forecasts. Profit margins expanded and new business losses narrowed significantly.
JD.com Q2 net revenue fell 2.9% to RMB 346.4 billion but beat forecasts. Profit margins expanded and new business losses narrowed significantly.
Strong Cloud revenue outlook and narrower Taobao losses drove the surge, lifting the Hang Seng Tech Index 5%.
The move intensifies competition with Meituan in China’s instant grocery delivery market.
Beijing targets misleading 618 deals by JD, PDD, Alibaba; stocks fall as regulators curb subsidy wars and unclear discounts.
China is cracking down on brokers helping locals invest abroad, restricting accounts to stop illegal money outflows.
JD.com posts modest Q4 revenue growth but swings to a loss due to competition and new investments; announces dividend and buybacks in tough China market.