JD.com gains as Alibaba feels pain in virus scramble

China's No. 2 e-tailer reaps benefits of own supply chain and logistics

20200302N jd.com red van and parcels

A JD.com delivery worker wearing a face mask unloads parcels outside a residential compound in Beijing on Feb. 21. © Reuters

ALEX FANG, Nikkei staff writer

NEW YORK -- Second-ranked Chinese e-retailing platform JD.com offered a rare note of optimism Monday amid widespread coronavirus gloom, forecasting double-digit revenue growth for the current quarter.

The Nasdaq-listed company expects net revenue to increase "at least 10%" on the year for the January-March period -- a sharp contrast to larger rival Alibaba Group Holding, which warned last month that first-quarter revenue in its core commerce business would likely drop.

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