Tag: $JD.com

JD.com reported a sharply lower profit for its third quarter on Thursday. However, shares rose as the Chinese online retailer’s earnings and revenue were ahead of market expectations with the company signaling it will need to invest less in food delivery in future.

China’s Singles’ Day sales festival is coming to a close after more than a month of promotions on the country’s largest e-commerce platforms, which failed to spark widespread consumer excitement during the world’s largest shopping event.

 British supermarket group Sainsbury’s (SBRY.L), said on Sunday it has terminated talks with Chinese e-commerce giant JD.com (9618.HK), over selling the Argos general merchandise retailer, a day after confirming discussions were underway.

Chinese online retailer JD.com reported better-than-expected earnings in the fourth quarter despite fierce e-commerce competition in the world’s second-largest economy, thanks to strong consumer spending.

Chinese e-commerce group JD.com missed market estimates for quarterly revenue on Thursday, as a persistent slowdown in the world’s second-largest economy pressured consumers to keep a tight hold on their purse strings.

Hong Kong-listed shares of Chinese online retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Hang Seng index after the firm announced a $5 billion buyback late Tuesday.

JD.com stock rallied on Thursday after the Chinese e-commerce company reported first-quarter results well above Wall Street’s expectations.

Shares in JD.com surged Wednesday after the Chinese e-commerce company reported fourth-quarter earnings and sales ahead of expectations. There also was more for investors to be happy about.

Chinese e-commerce operator JD.com Inc. is the latest company to consider buying UK electronics retailer Currys Plc, as a path to toward new avenues for growth away from home.

Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba which was fined 1 billion yuan ($140.68 million) for monopolistic practices.

JD.com beat Wall Street’s expectations in the third quarter as the e-commerce group leaned on price competitiveness and operating efficiency, a sign the Chinese tech sector may be able to outrun a slowdown in the world’s second-largest economy.

Chinese e-commerce firm JD.com beat Wall Street estimates for second-quarter revenue on Wednesday, as its focus on lower-priced products to attract customers amid an economic slowdown paid off.

Shares in JD.com JD were rising on Thursday after the Chinese e-commerce company beat earnings expectations. It also said its chief executive is leaving.