China's JD.com misses revenue estimates

Reuters11-14
China's JD.com misses revenue estimates

Nov 14 (Reuters) - Chinese e-commerce group JD.com 9618.HK missed market estimates for quarterly revenue on Thursday, as persistent economic woes pressured consumers to cut back on spending.

Total revenue rose 5.1% to 260.4 billion yuan ($35.95 billion) in the third quarter, compared with estimates of 261.45 billion yuan, according to LSEG data.

($1 = 7.2428 Chinese yuan renminbi)

(Reporting by Deborah Sophia in Bengaluru and Casey Hall in Shanghai; Editing by Shinjini Ganguli)

((DeborahMary.Sophia@thomsonreuters.com;))

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Comments

  • Tonyap
    11-14
    Tonyap
    Western journalists always give bad reviews on China companies even though they mademoney,why?
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