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

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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 . . .

 

 

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