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China's JD.com Posts 22% Rise In Q4 Revenue

JD.com Inc, China's second largest e-commerce firm, reported a 22.4 % rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales.

The firm posted 134.83 billion yuan (€17.69 billion) total net revenue for the quarter ended 31 December 2018 compared with a consensus estimate from analysts of 132.42 billion yuan, according to IBES data from Refinitiv.

JD posted a loss of 3.32 yuan per American depository share, compared with a loss of 0.64 yuan a year earlier.

In November 2018, the e-commerce firm reported third-quarter revenue that fell short of analysts' estimates on sluggish sales in its core e-commerce business.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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