March 6 (Reuters) - Chinese e-commerce giant JD.com ( JD )

exceeded market expectations for quarterly revenue on

Thursday, as deep discounts and price cuts encouraged robust

spending from consumers, driving up strong year-end sales.

The company reported total revenue of 346.99 billion yuan

($47.91 billion) for the fourth quarter, a 13.4% increase over

the year earlier. Analysts were expecting revenue of 332.35

billion yuan, according to data compiled by LSEG.

($1 = 7.2430 Chinese yuan renminbi)