JD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.
for China's gross domestic product growth for 2022 and expect consumption to be a drag on the economy.
JD's retail segment, its largest division by revenue, brought in revenue of 217.5 billion yuan in the March quarter, up 17% year-on-year. The Chinese firm's logistics business, which is the second-largest unit, saw revenue rise 22% year-on-year to 27.3 billion yuan. JD Logistics also narrowed its losses in the quarter.
JD tries to differentiate itself from e-commerce behemoth Alibaba by focusing on its logistics business and is well-known in China for same-day deliveries. "JD.com's robust supply chain capabilities and technology-driven operating efficiency underpinned our solid performance during the quarter as we continued to deliver healthy growth amidst a challenging external environment," Xu Lei, CEO of JD.com, said in a press release on Tuesday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on recordJD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.
Weiterlesen »
Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on recordJD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.
Weiterlesen »
The World’s Largest Retailers 2022: Pandemic Helps Amazon Cement Its LeadThe e-commerce giant is now the sixth-largest company in the world, according to Forbes’ Global 2000 list. Global2000
Weiterlesen »
Ryanair FY 2022 Net Loss Narrowed, Beats Consensus; Expects Return to Profitability in FY 2023By Anthony O. Goriainoff Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as higher revenue beat consensus estimates,...
Weiterlesen »
AUD/USD struggles around 0.6950, but will RBA’s minutes push bulls to reclaim 0.7000?AUD/USD struggles around 0.6950, but will RBA’s minutes push bulls to reclaim 0.7000? By christianborjon AUDUSD Majors Macroeconomics Technical Analysis
Weiterlesen »