China's JD.com beats expectations in first quarter with price cuts

Home appliances and logistics services for overseas expansion help drive growth

20240516N JD earnings

JD.com beat analysts expectations with net income for the first quarter rising to 7.1 billion yuan. © Reuters

MARRIAN ZHOU, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.