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BEIJING, March 6 (TMTPost)-- The American depositary receipts (ADRs) of JD.com, Inc. soared as much as 19.7% and settled 16.2% higher to US$24.91, the highest since January 11. Shares rallied after China’s second largest Business-to-consumer (B2C) e-commerce marketplace in China by ...
After witnessing strong growth in profitability in the first quarter of fiscal 2023, JD expects to continue its business momentum in the upcoming quarters. “In the quarters ahead, we will further enhance our business structure in order to drive the expansion of our user base throughout China. ...
JD.com that period launched a series of low-price initiatives such as “9.9-yuan items with free shipping”, “10-billion-yuan discount” and “flash-sales” programs, driving incremental sales for brands and merchants. The Chief Financial Officer (CFO) Ian Su Shan noted JD's core home app...
JD Retails, the core business, generated RMB267.6 billion in the December quarter with a 3.4% YoY growth, highlighting the promotions JD ramped up in the holiday season. JD Retail sales roughly stalled in the third quarter. JD said it achieved new records in transaction value, order volume an...