06:35 AM EDT, 05/13/2025 (MT Newswires) -- JD.com ( JD ) reported stronger-than-expected first-quarter results on Tuesday amid improving consumer sentiment as the Chinese e-commerce giant saw double-digit revenue gains in products and services.

The company posted adjusted earnings of 8.41 renminbi ($1.16) per American depositary share for the March quarter, up from 5.65 renminbi a year earlier and above the FactSet-polled consensus of 7.13 renminbi. Revenue climbed 16% year over year to 301.08 billion renminbi, topping the Street's view for 290 billion renminbi.

"We saw a strong start to the year, with solid results on both the top and bottom lines in (the first quarter)," Chief Executive Sandy Xu said in a statement. "Our performance was supported by improving consumer sentiment and continued enhancements to JD's supply chain capabilities and user experience."

Revenue in the retail segment grew to 263.85 billion renminbi from 226.84 billion renminbi in the prior-year quarter. "We maintained and further enhanced robust momentum of our core JD retail business, while exploring exciting new opportunities for our long-term success," Chief Financial Officer Ian Su Shan said.

The logistics division saw revenue rise to 46.97 billion renminbi from 42.14 billion renminbi. Revenue from new businesses rose 18% to 5.75 billion renminbi.

Electronics and home appliances revenue increased 17% to 144.3 billion renminbi, while general merchandise sales rose 15% to 98.01 billion renminbi. Service revenue climbed 14% to 58.77 billion renminbi while net product sales increased 16% to 242.31 billion renminbi. Both product and service revenue accelerated sequentially, according to Shan.

Adjusted operating margin came in at 3.9% in the quarter versus 3.4% last year. General and administrative costs rose to 2.41 billion renminbi from 1.98 billion renminbi. Fulfillment expenses, including procurement, warehousing, delivery, customer service and payment processing costs, increased 17% to 19.74 billion renminbi.

"User growth was particularly strong during the quarter," Xu said. "We are also seeing encouraging signs from new initiatives, and we believe these emerging opportunities will further position us for long-term, high-quality growth."

The US and China on Monday reached an agreement on a 90-day suspension of reciprocal duties following their talks in Switzerland. The two sides had been in a trade war since President Donald Trump's announcement of sweeping new tariffs early last month.