Reported about 9 hours ago
JD.com, the Chinese e-commerce giant, surpassed quarterly revenue expectations with a total of 301.08 billion yuan ($41.82 billion), marking a 15.8% increase from the previous year. Despite challenges such as U.S. tariffs and economic pressures, the company's heavy discounts and reliance on government subsidies have boosted consumer demand. The upcoming 618 shopping festival will serve as a crucial indicator of the recovery in consumer sentiment in China.
Source: YAHOO