JD usually generates strong growth during the second quarter, which includes its annual 618 Grand Promotion sale (which marks the anniversary of the company's founding on June 18).
That extended shopping holiday, which is comparable toAlibaba's(BABA-3.56%)Singles Day, usually starts in late May and lasts throughout all of June. But during the conference call, Xu said the "majority of brands and merchants" remained "under pressure" ahead of the event as they grappled with the supply chain and COVID-19-related disruptions.$JD.com(JD)$ $JD-SW(09618)$
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