JD.com beats second-quarter estimates, adds record new users amid regulatory tightening

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese e-commerce giant JD.com Inc on Monday reported stronger-than-expected earnings for the second quarter through June and told investors it does not expect any business impact from a wave of regulations targeting the tech industry in China.

Net revenue at JD.com rose about 26 per cent to 253.8 billion yuan ($39.14 billion) in the second quarter ended June 30. Analysts had expected revenue of 249.27 billion yuan, according to IBES data from Refinitiv.

Net income attributable to ordinary shareholders fell to 794.3 million yuan ($122.48 . . .

Sign In or Subscribe To Get Full Access.

Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.

Random China information is everywhere, but focused and systematic reporting on China market is rare.

TRY US FOR FREE