JD.com Quarterly Revenue Misses Analyst Expectations
JD.com reported quarterly revenue of 352.3 billion yuan, missing market estimates. Stiff competition and lower subsidies impacted the e-commerce firm results.
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The e-commerce giant JD.com, Inc. reported fourth-quarter revenue on Thursday that fell short of market expectations, signaling a cooling in demand amid intensified market rivalry and the fading impact of state-led incentives. The company, a major player in China, recorded 352.3 billion yuan ($51.12 billion) in revenue for the quarter ending in December.
