(Reuters) -Chinese e-commerce giant JD.com ( JD ) beat market estimates for quarterly revenue on Thursday, signaling resilient consumer spending on its platform, fueled by price cuts and government subsidies.

U.S.-listed shares of the company rose about 3% in premarket trading.

Consumer demand in China has remained muted amid persistent economic pressures and trade uncertainty, but retailers like JD.com ( JD ) have leaned on deep discounts, promotions and government stimulus to spur sales.

JD.com ( JD ) also benefited from record sales logged during the 618 festival - China's largest mid-year shopping bonanza. Total gross merchandise value, a measure of sales, jumped 15.2% to reached an all-time high of 855.6 billion yuan, according to retail data provider Syntun.

Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter ended June, compared with analysts' average estimate of 331.63 billion yuan, according to data compiled by LSEG.

Net income attributable to JD.com's ( JD ) ordinary shareholders was 6.2 billion yuan for the quarter, compared to 12.6 billion yuan a year earlier.

($1 = 7.1714 Chinese yuan renminbi)