[250521.EN.BIZ] JD.com Surpasses Q1 Revenue Estimates Post Covid Crisis

 

FIRST quarter revenue generated by ecommerce giant JD.com surpassed Wall Street estimates amid China's online shopping boom following the Covid crisis, reported Hong Kong's South China Morning Post.

As the pandemic pushed people towards online shopping, JD.com and its rivals, Pinduoduo and Alibaba Group Holding, experienced double-digit sales growth. JD.com's revenue increased 39 per cent to CNY203.2 billion (US$31.5 billion) in the first quarter, beating analysts' estimates of CNY191.83 billion.

Popular international companies and luxury fashion brands have launched flagship stores on JD.com, which has been met with high demand during the pandemic. In addition, annual active customer accounts increased 29 per cent from the previous year.

Source : HKSG / Photo : Warta Ekonomi.