HONG KONG -- Slowing economic growth and higher costs knocked Alibaba rival JD.com to its first annual loss in three years, sending its Nasdaq-listed shares down more than 18% at one point amid heavy selling in Chinese tech stocks.
Retail
JD.com posts 1st annual loss since 2018 as new businesses bleed cash
Shares drop as much as 18% after latest results from Alibaba rival
A JD.com advertisement in Beijing features freestyle skier Eileen Gu. © Reuters
Read Next
Latest on Retail
