SHANGHAI -- JD.com, China's second-largest e-commerce platform, is losing domestic market share to leader Alibaba Group Holding and emerging players -- especially in regional cities, the key to growth in the country's maturing market.
The Tencent Holdings-backed company posted a net loss of 2.4 billion yuan ($358 million) for 2018, larger than the 150 million yuan in red ink amassed the prior year. JD.com's user base expanded about 4% last year to around 300 million people, a sharp slowdown from 29% growth in 2017.
