China’s JD.com beats quarterly revenue estimates

Quick Summary:

The e-commerce firm reported total revenue of around $55 billion for the quarter ended March 31, up 15.8 per cent from a year earlier.

Food delivery in China is dominated by Meituan and Ele.me, but JD.com’s high-profile entry into the field in February has intensified the competition.

This year, Taobao already started the 618 pre-sale on May 13, while JD.com, whose official start date of 618 is May 31, announced an event called the “Heartbeat Shopping Festival” which began on May 13.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Market China China’s Yuan Consumer E-commerce Revenue Cent Year Billion Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 21:48:39 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28680100

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