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China's JD.com misses revenue estimates
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China's JD.com misses revenue estimates
Nov 14, 2024 1:56 AM

Nov 14 (Reuters) - Chinese e-commerce group JD.com ( JD )

missed market estimates for quarterly revenue on

Thursday, as persistent economic woes pressured consumers to cut

back on spending.

Total revenue rose 5.1% to 260.4 billion yuan ($35.95

billion) in the third quarter, compared with estimates of 261.45

billion yuan, according to LSEG data.

($1 = 7.2428 Chinese yuan renminbi)

(Reporting by Deborah Sophia in Bengaluru and Casey Hall in

Shanghai; Editing by Shinjini Ganguli)

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