China e-commerce group JD.com beats profit forecasts in second quarter
By Reuters Published Aug 16, 2024 Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-conscious shoppers to its platform. Shutterstock JD.com’s U.S.-listed shares rose more than 4% in early trading. Major Chinese vendors like JD.com and Alibaba have increased focus on discounts and lower-priced goods as Chinese shoppers [...]read moreChina e-commerce group JD.com beats profit forecasts in second quarter