China's JD.com reports quarterly revenue above estimates

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG7G0QU_L.jpg

U.S.-listed shares of the company rose more than 2% in trading before the bell.

The results come amid growing tensions between Beijing and Washington, which is pushing for tough scrutiny of Chinese stocks listed on U.S. exchanges.

Net product revenue, which includes online retail sales, rose 33.5% to 178.19 billion yuan.

Net income attributable to shareholders rose to 16.45 billion yuan from 618.8 million yuan a year earlier.

The company’s total net revenue rose 33.8% to 201.1 billion yuan ($28.98 billion) in the second quarter ended June 30. Analysts were expecting revenue of 190.95 billion yuan, according to IBES data from Refinitiv.

($1 = 6.9382 Chinese yuan renminbi)

Add Comment