JD.com reports Q2 revenue down 2.9% YoY to ~$51.4B and net income of ~$1.1B, above ~$964M est., driven by JD Retail profitability and narrowing food losses (Luz Ding/Bloomberg)

1 hour ago 2

Luz Ding / Bloomberg:
JD.com reports Q2 revenue down 2.9% YoY to ~$51.4B and net income of ~$1.1B, above ~$964M est., driven by JD Retail profitability and narrowing food losses — JD.com Inc. posted its first quarterly revenue decline since listing in 2014, in the latest sign of waning Chinese consumer sentiment.

Read Entire Article