NEW YORK -- Despite scandals related to its chief executive, China's second-largest e-commerce group JD.com posted record quarterly earnings on Friday, redeeming itself from a year of losses.
The Nasdaq-listed company posted a profit of 7.3 billion yuan ($1.1 billion) in the first three months of 2019, after recording a 2.5 billion yuan loss last year. Earnings per share for the quarter stood at 33 cents, smashing analysts' estimates of 12 cents.
