China’s slowing economy clouds JD.com, Alibaba earnings comeback ...Middle East

Jing Daily - News
China’s slowing economy clouds JD.com, Alibaba earnings comeback
source : Jing Daily ( Middle East ) () 28
What Happened: It’s been a big month for tech earnings in China. On August 16, JD.com reported that net revenues for the quarter ended June 30 jumped 7.6 percent to $39.7 billion (287.9 billion RMB), beating analyst estimates.  The number of marketplace merchants more than doubled thanks to lowered platform service fees, while user shopping frequency grew as the number of product offerings expanded, said the company. During the three-month period, fashion and beauty brands including Bottega Veneta, Missoni, Sisley and SkinCeuticals set up online flagship stores, enriching JD.com’s ecosystem. In May, Bottega Veneta became the first luxury fashion brand from Kering Group to join JD.com. Photo:

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