China’s JD.com Posts Third-Quarter Revenue Below Estimates
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(Reuters) – JD.com on Wednesday reported quarterly revenue below estimates, as consumer prices in China continued to slip amid a wobbly economic recovery.
The company reported net revenue of 247.7 billion yuan ($34.19 billion) for the third quarter, missing analysts’ average estimate of 249.26 billion yuan according to LSEG data.
($1 = 7.2446 Chinese yuan renminbi)
(Reporting by Arsheeya Bajwa and Akash Sriram in Bengaluru; Editing by Varun H K)
Copyright 2023 Thomson Reuters.
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