[Stoki]

JD.com Beats Estimates Despite Regulatory Crackdown
FacebookTwitterLinkedInShare Licensing

BRIAN DEAGON04:19 PM ET 08/23/2021

China internet giant JD.com (JD) reported second-quarter results early Monday that beat expectations as revenue jumped 26%. JD stock initially fell, then reversed.



JD, which competes with Alibaba (BABA) and other e-commerce companies, reported revenue of $39 billion, above expectations of $38.2 billion. It reported adjusted earnings of 45 cents a share, vs. expectations of 40 cents.

JD stock initially fell 1.4% during morning trading. Shares turned it around and climbed 3.3% to close at 65.73 on the stock market today.

Active annual customers jumped 27% to 532 million. The addition of 32 million new users was the company's largest quarterly increase in its history.

[sgbuffett]

If you want to buy something online in China it is either TaoBao or JD....

Regulation cannot change the way Internet scaling works.
The network effect cannot be broken ...if you are vendor trying to sell you will go to an established platform that has many customers not some startup

[klat]

Good stock to watch closely. It is still way below its peak