JD.com Inc

Quantli Newsdesk

· 8 days ago

JD.com reported net income up 15% to RMB7.1 billion and operating income swinging from a RMB900 million loss to RMB4.5 billion profit, despite revenue declining 2.9% to RMB346.4 billion-the first quarterly contraction in more than a decade. The profitability turnaround was driven by margin expansion in its core retail business, narrowing food-delivery losses, and a 24.8% drop in marketing expenses.

Quantli Newsdesk

· 8 days ago

Food delivery losses are finally narrowing after a brutal expansion fight, but top-line shrinkage signals the consumer slowdown is now hitting even China's e-commerce giants. Profitability inflection is real; growth isn't.