Scalper1 News
China’s largest online direct sales company, JD.com (JD), reported better-than-expected second-quarter earnings Friday. JD.com also announced plans to invest $700 million in supermarket chain Yonghui Superstores for a 10% stake. JD.com reported revenue of $7.4 billion, or 45.9 billion Chinese yuan, up 61% in local currency from the year-earlier quarter and topping the consensus estimate of $7.15 billion. It was the 10th straight quarter of Scalper1 News
Scalper1 News