JD.com’s second-quarter profit climbs 15% as food-delivery losses narrow
Chinese e-commerce giant JD.com saw its second-quarter net profit soar 15 per cent year on year to 7.1 billion yuan (US$1.1 billion), beating market expectations despite a slight dip in overall revenue, as it contends with sluggish domestic consumer demand, fierce competition and a push into new business lines. Net revenue for the three months ended June 30 fell 2.9 per cent to 346.4 billion…
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