Online retailer JD.com’s shares fall on quarterly profit miss

Gaming 03 Apr 2018
Online retailer JD.com’s shares fall on quarterly profit miss


JD.com, China’s second largest e-commerce company, saw its US-listed shares drop after reporting lower-than-expected quarterly profit on Friday, as the company’s margins were squeezed by competition during its top earnings season.
Beijing-based JD.com’s Nasdaq-traded shares were down almost 7 per cent in pre-market trading.
Despite posting better-than-expected revenue in the fourth quarter, the company reported a net loss of 909.2 million yuan (US$143.2 million) that was worse…

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