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JD.com beats quarterly revenue estimates

JD.com beats quarterly revenue estimates

FILE PHOTO: A sign of China's e-commerce company JD.com is seen at its shop at a mall in Shanghai, China October 26, 2018. REUTERS/Aly Song/File Photo

REUTERS: China's JD.com Inc beat analysts' estimates for quarterly revenue on Monday, as more customers used its online platform to shop for groceries and other essentials in the face of the COVID-19 pandemic.

The company's total net revenue rose 33.8per cent to 201.1 billion yuan (US$28.98 billion) in the second quarter ended June 30. Analysts had expected revenue of 190.95 billion yuan, according to IBES data from Refinitiv.

(US$1 = 6.9382 Chinese yuan renminbi)

(Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)

Source: Reuters

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