HONG KONG -- China's second-largest e-commerce group, JD.com, topped market expectations for quarterly revenue but fell short on net profit, as the company known for high-end products boosted efforts to sell to shoppers on tighter budgets.
The Nasdaq-listed company on Tuesday reported net revenue of 150.3 billion yuan ($21.3 billion) for the April-June quarter, exceeding the market consensus of 147.5 billion yuan based on data provider Refinitiv's polling.
