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13.08.26 - 13:12
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JD.com′s second-quarter profit climbs 15% as food-delivery losses narrow (SCMP)
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Chinese e-commerce giant JD.com saw its second-quarter net profit soar 15 per cent year on year to 7.1 billion yuan (US$1.1 billion), beating market expectations despite a slight dip in overall revenue, as it contends with sluggish domestic consumer demand, fierce competition and a push into new business lines.
Net revenue for the three months ended June 30 fell 2.9 per cent to 346.4 billion yuan, but still surpassed the 342.1 billion yuan consensus estimate from analysts polled by......
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24.06.26 - 02:54
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JD.com′s Shen on China Economic outlook (Bloomberg)
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Shen Jianguang, VP and Chief Economist at JD.Com, shares his outlook on China's economy as the nation accelerates into an AI‑driven era marked by surging demand.
He speaks with Bloomberg's Minmin Low on the sidelines of the World Economic Forum in Dalian, China on "Bloomberg: The Asia Trade". (Source: Bloomberg)...
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12.05.26 - 12:54
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JD.com swings back to profitability in first quarter though profits tumble 53% (SCMP)
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Chinese online shopping giant JD.com reported a 53.2 per cent year-on-year decline in first-quarter profit to 5.1 billion yuan (US$750.2 million) due to protracted competition on the e-commerce and food delivery fronts.
The company was able to swing back to profitability after posting a loss in the previous quarter. Under non-generally accepted accounting principles which excludes one-off costs and non-cash items, JD.com posted a net income of 7.4 billion yuan in the March quarter, compared with......
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