JD.com (JD) rises after earnings beat

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Go back to JD.com (JD) rises after earnings beat

JD.com's third-quarter profits rise as supply troubles ease

November 15, 2023 4:18 AM EST

(Reuters) -Chinese e-commerce company JD.com on Wednesday reported a surge in third-quarter profit as supply chain problems eased but its revenue came in below analysts' estimates.

JD.com's U.S.-listed shares rose 5.6% to around $28 in premarket trading. The group is also listed in Hong Kong.

The company has faced challenges in China's rapidly changing e-commerce landscape, such as the emergence of livestream players and short video social networking service providers such as Douyin, which is China's TikTok, and Xiaohongshu.

JD.com has fewer influential livestreamers than its competitors, such as Austin Li, who exclusively... More