JD.com: China’s JD.com reports higher fourth-quarter adjusted profit
Chinese e-commerce firm JD.com Inc reported a higher quarterly adjusted profit on Thursday as China lifted strict pandemic-related curbs late last year.
![]()
The company’s U.S.-listed shares rose 1% in premarket trading.
JD.com’s net income attributable to ordinary shareholders in the fourth quarter was 3 billion yuan ($430.92 million), compared with a net loss of 5.2 billion yuan a year earlier.
Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts’ estimates of 296.17 billion yuan, according to Refinitiv data.
Parts of China remained under strict lockdown for most of the December quarter, with shoppers holding back on spending amid continued economic uncertainty.
On an adjusted basis, the Beijing-based company earned 4.81 yuan per American depositary share in the reported quarter, compared with 2.21 yuan per share a year earlier.
Discover the stories of your interest
JD.com said in January it was winding down its e-commerce business in Indonesia and Thailand, markets where it faced stiff competition from Sea Ltd-owned Shopee. Last month, peer Alibaba Group Holding Ltd reported higher-than-expected revenue in the December quarter.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Chinese e-commerce firm JD.com Inc reported a higher quarterly adjusted profit on Thursday as China lifted strict pandemic-related curbs late last year.
![]()
The company’s U.S.-listed shares rose 1% in premarket trading.
JD.com’s net income attributable to ordinary shareholders in the fourth quarter was 3 billion yuan ($430.92 million), compared with a net loss of 5.2 billion yuan a year earlier.
Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts’ estimates of 296.17 billion yuan, according to Refinitiv data.
Parts of China remained under strict lockdown for most of the December quarter, with shoppers holding back on spending amid continued economic uncertainty.
On an adjusted basis, the Beijing-based company earned 4.81 yuan per American depositary share in the reported quarter, compared with 2.21 yuan per share a year earlier.
Discover the stories of your interest
JD.com said in January it was winding down its e-commerce business in Indonesia and Thailand, markets where it faced stiff competition from Sea Ltd-owned Shopee. Last month, peer Alibaba Group Holding Ltd reported higher-than-expected revenue in the December quarter.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.