JD.com Exceeds Revenue Estimates Amid Strategic Investments
JD.com reported third-quarter revenue of 299.1 billion yuan ($42.1 billion), surpassing analyst expectations of 294.05 billion yuan. The figure represents a 14.9% year-over-year increase, driven by growth in both user base and shopping frequency. The Chinese e-commerce giant now boasts 700 million annual active customers as of October.
Net income declined to 5.3 billion yuan from 11.7 billion yuan in the prior-year period, reflecting heavy investments in global expansion and promotional campaigns. JD's food delivery unit showed marked improvement, benefiting from better unit economics and reduced sequential investment.
U.S.-listed shares rallied nearly 5% in premarket trading following the earnings release, underscoring market Optimism about JD's long-term growth strategy despite short-term profit pressures.
