E-commerce giant JD.com beats first-quarter revenue estimates as Covid-19 boom persists

//E-commerce giant JD.com beats first-quarter revenue estimates as Covid-19 boom persists

E-commerce giant JD.com beats first-quarter revenue estimates as Covid-19 boom persists

JD.com’s first-quarter revenue beat Wall Street estimates on Wednesday, as growth remained robust in China’s vast e-commerce sector following the Covid-19 pandemic.The Beijing-based company has joined rivals Pinduoduo and Alibaba Group Holding in racking up double-digit sales growth during the pandemic, as people flocked to online retail websites to shop for everything from groceries to luxury goods. Alibaba is the parent company of the South China Morning Post.Net revenue at JD.com rose 39 per…

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By | 2021-05-19T11:40:03+00:00 May 19th, 2021|Technology|Comments Off on E-commerce giant JD.com beats first-quarter revenue estimates as Covid-19 boom persists