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-0.00077489345215045 -0.00426191398682693 -0.00813638124757849 -0.0120108485083302 -0.0313831848120884 -0.0286710577295623 -0.0313831848120884 -0.0333204184424643
Stock impact report

China's JD.com misses quarterly revenue estimates [Yahoo! Finance]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Yahoo! Finance
Thursday, in a sign ?that stiff competition and waning benefits from ?government subsidies were eating into demand at the e-commerce giant. Consumer demand ?in China has taken a hit in the past several years, with a lingering property sector crisis, concerns over employment and geopolitical tensions hammering growth in the ?world's second-largest economy. That ?has hurt retailers like JD.com, which is the largest seller of home appliances in ?China, as shoppers cut back on discretionary purchases. While JD.com has benefited over a few quarters from government subsidy ?measures, the ?incremental benefit is tapering ?off as year-over-year comparisons ?become tougher. JD.com is also facing mounting competition, with e-commerce rivals such as Alibaba and PDD Holdings ramping up discounts on their China-focused platforms. The company reported revenue of 352.3 billion yuan ($51.12 billion) in the fourth quarter ?ended December, compared with analysts' average ?estimate of 353.86 b Show less Read more
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