NEW YORK -- JD.com's stock price jumped 3.3% in premarket trading Thursday as the Chinese online retailer reported a strong first quarter amid an economic downturn in China.
One of China's largest e-commerce companies saw net revenue rise 7% year-on-year to 260 billion yuan ($36 billion) from January to March, beating a 257.72 billion yuan estimate in a LSEG survey of analysts, with the help of price cuts and discount promotions.
