Hot Chinese ADRs Kept Rally in Morning Trading with JD.com Soaring 8%

2023-11-15

Hot Chinese ADRs kept rally in morning trading with JD.com soaring 8%.

JD.com Inc. posted a stronger-than-expected 1.7% rise in quarterly revenue, after heavy promotional spending propelled online transactions in the face of intense competition.

Revenue came to 247.7 billion yuan ($34.2 billion) in the September quarter, versus the 246.6 billion yuan average analyst estimate. Net income rose 33% to 7.9 billion yuan.

$(BABA)$ $(JD)$ $(PDD)$

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