06:28 AM EDT, 08/14/2025 (MT Newswires) -- JD.com ( JD ) reported second-quarter results above market expectations on Thursday, driven by double-digit revenue gains in the Chinese e-commerce giant's retail and logistics segments, as well as strong performance in its new businesses.

The company posted adjusted earnings of 4.97 renminbi ($0.69) per American depositary share for the June quarter, down from 9.36 renminbi a year earlier, but ahead of the FactSet-polled consensus of 3.65 renminbi. Revenue climbed 22% to 356.66 billion renminbi, topping the Street's view for 335.03 billion renminbi.

"In the second quarter, we saw robust growth in user traffic, quarterly active customers, and user shopping frequency on JD's platform, driven by sustained momentum across both our core JD retail business and new businesses including JD food delivery," Chief Executive Sandy Xu said in a statement.

Revenue in the retail segment advanced 21% to 310.08 billion renminbi, while the logistics division inclined 17% to 51.56 billion renminbi. New businesses, which include JD food delivery and JD Property, surged to 13.85 billion renminbi from 4.64 billion renminbi in the prior-year quarter.

The food delivery business made "healthy progress" during the second quarter amid order volume growth, merchant base expansion, full-time rider recruitment and "synergies with retail and other existing businesses" of the company, according to Xu.

Electronics and home appliances revenue increased 23% to 178.98 billion renminbi, while general merchandise sales rose 16% to 103.43 billion renminbi. Service revenue jumped 29% to 74.25 billion renminbi while net product sales grew 21% to 282.41 billion renminbi.

Adjusted operating margin came in at 0.3% in the quarter versus 4% last year, due to the firm's increased investment in new business initiatives. General and administrative costs rose to 3.27 billion renminbi from 2.13 billion renminbi. Fulfillment expenses, including procurement, warehousing, delivery, customer service and payment processing costs, increased 29% to 22.15 billion renminbi.

"Looking ahead, we are confident that our core retail business will remain a solid cornerstone of our operations as we continue to focus on delivering the best user experience, lowering costs, and improving efficiency," Xu said. "At the same time, we will continue to invest in new growth areas in alignment with our long-term strategic roadmap."

Earlier in the week, US President Donald Trump signed an executive order to extend the tariff suspension on China for another 90 days. The two countries had previously agreed in May to suspend duties on each other's goods for three months.