Reported about 2 months ago
JD.com, the Chinese e-commerce giant, reported a 73.7% increase in second-quarter profits, driven by an aggressive low-price strategy that attracted cautious consumers. Despite a challenging economic environment, the company saw its profit soar to 9.36 yuan per share, surpassing analysts' expectations. JD.com's focus on discounts and promotional events, especially the mid-year '618' shopping festival, has enabled it to maintain a competitive edge in the market, although its stock price has dipped significantly in the past year.
Source: YAHOO