JD.com's sales beat estimates despite mixed economic backdrop for e-commerce giants
JD is now spending on incentives to ward off intensifying competition from upstarts such as PDD and ByteDance.
Source: scmp.com
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Coherent, Cava, Tower Semi, DLocal, VinFast, and More Stock Market Movers
Target rises sharply after beating profit estimates, Coherent issues a weaker-than-expected forecast, Cava's second-quarter profit tops expectations, and...
Source: marketwatch.com
China: China's JD.com beats revenue estimates on sales of lower-priced goods
JD.com saw increased traffic on the back of purchases ahead of the holiday season and as people attending offices and social functions continued to upgrade their wardrobes.
Source: indiatimes.com
JD.com & Tencent Beat On EPS
Although JD.com did not achieve double-digit revenue growth like its peer Alibaba, the results were fairly strong, beating on EPS.
Source: forbes.com
E-commerce giant JD.com denies that founder Richard Liu and wife have moved to the US from China
The Chinese e-commerce giant has also rejected rumours that the couple bought more than US$100 million worth of luxury property in the US.
Source: scmp.com