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Chinese e-commerce giant JD.com misses quarterly revenue estimates
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Chinese e-commerce giant JD.com misses quarterly revenue estimates
Aug 15, 2024 3:19 AM

Aug 15 (Reuters) - Chinese e-commerce giant JD.com ( JD )

missed Wall Street estimates for quarterly revenue on

Thursday, hurt by stiff competition and tepid customer spending

amid a sluggish economic recovery.

The company's total revenue rose 1.2% to 291.4 billion yuan

($40.71 billion) in the second quarter, compared with estimates

of 292.89 billion yuan, according to 23 analysts polled by LSEG.

($1 = 7.1585 Chinese yuan renminbi)

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