China’s JD.com quarterly revenue rises 31% on e-retail strength By Reuters

© Reuters. A JD.com sign is seen at the World Internet Conference (WIC) in Wuzhen

(Reuters) – Chinese e-commerce company JD (NASDAQ:).com Inc reported a 31% jump in fourth-quarter revenue on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic.

While China has largely emerged from coronavirus lockdowns with most businesses resuming production, JD.com’s domestic consumers continue to shop online for everything from daily groceries to luxury products.

The Beijing-based company’s net revenue rose to 224.3 billion yuan ($34.58 billion) in the quarter ended Dec. 31, beating analysts’ estimate of 219.73 billion yuan, according to IBES data from Refinitiv.

Net income attributable to ordinary shareholders rose to 24.33 billion yuan from 3.63 billion yuan a year earlier.

($1 = 6.4868 renminbi)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*