JD.com Q2 Costs Rise As It Preps For Alibaba Fight

By | August 15, 2014

Scalper1 News

China Internet retailer JD.com (JD) reported second-quarter earnings above consensus estimates Friday, but it issued a Q3 outlook that fell short. In its first earnings report since its May 22 IPO, JD.com reported revenue of $4.6 billion, up 64% from the year-earlier quarter in local currency, as the amount of active customers on the site rose 94% to 38.1 million. Minus special items, the company reported a break-even quarter vs. the consensus Scalper1 News

Scalper1 News