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JD.com profits jumped, while revenue growth hit slowest on record

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Chinese e-commerce giant JD.com posted a better-than-expected profit in the first quarter while revenue growth hit the slowest on record.

JD said it generated 7.3 billion yuan ($1.1 billion) in net income attributable to ordinary shareholders in the first quarter of the year, compared to 1.5 billion yuan a year earlier. Its non-GAAP net profit jumped 215 per cent during the period from the same period last year, according to its earnings . . .

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