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NAS:JD, Dec 09, 09:33 UTC

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Tuesday, November 26


News

JD.com's Chinabank Payments fined over forex transfers

JD TRI

JD.com's Chinabank Payments fined over forex transfers | NASDAQ. SHANGHAI, Nov 26 (Reuters) - Chinabank Payments, a unit of e-commerce company JD.com JD.O, has been fined 29.43 million yuan ($4.18 million) for illegally transferring foreign currencies overseas, China's State Administration of Foreign Exchange (SAFE) said on its website. Chinabank Payments said in a statement that in 2017 the platform had been negligent with some of its users' access, which was then exploited by a number of external merchants to make illegal transactions. "Chinabank Payments seriously reflected on our business management and carried out rectifications. We apologise for the negative impact we caused to the industry," it said, adding that the firm was supportive of the regulator's decision.

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Tuesday, November 19


News

JD.com More Than Doubles Q3 Earnings

JD

The company beat expectations across the board, helped by healthy retail sales and booming growth in shipping and logistics services. Sales of electronics and home appliances remained the bread and butter of JD's operations, accounting for 56% of total sales in the third quarter. The shipping infrastructures in smaller towns like Weihai and Luzhou can't hold a candle to the efficiencies found in Beijing and Shanghai, which leaves lots of room for an infrastructure expert like JD to bring efficiency improvements and reap top-line growth in these markets. That's quick progress from a year ago when the logistics network had just opened up services to the public in a handful of Tier 1 cities. What's next for JD?

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Monday, November 18


News

JD.com Posts Another Quarter of Accelerating Sales Growth

JD

The Chinese e-commerce giant's revenue grew 29% annually to 134.8 billion yuan ($18.9 billion), clearing estimates by $580 million and marking its second straight quarter of accelerating growth. JD's stock initially rallied after the report on Nov. 15, but it gave up those gains by the end of the day. Yet some investors still seem bullish on the stock, which has rebounded about 60% this year after being cut in half in 2018. JD's growth in annual active customers and revenue decelerated throughout 2018 and the first quarter of 2019 as it seemingly struggled with the economic slowdown in China and competition from rival platforms like Alibaba's (NYSE: BABA) Tmall and Pinduoduo. However, JD's annual active customers grew nearly 10% to 334.4 milion during the third quarter, marking its best growth in four quarters. Those growth rates indicate that consumer demand remains robust across China's lower-tier cities amid the country's economic slowdown and that JD isn't surrendering those oft-overlooked markets to Pinduoduo's group-purchase platform.

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News

JD.com, Inc. Just Missed EPS By 23%: Here's What Analysts Think Will Happen Next

JD

JD.com, Inc. Just Missed EPS By 23%: Here's What Analysts Think Will Happen Next. Sales of CN¥135b surpassed estimates by 5.0%, although earnings per share missed badly, coming in 23% below expectations at CN¥0.41 per share. This is an important time for investors, as they can track a company's performance in its report, look at what top analysts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what analysts are forecasting for next year. The biggest takeaway for us from these new estimates is that the consensus upgraded its earnings per share estimates, showing a clear improvement in sentiment around JD.com's earnings potential next year. Fortunately, analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - and our data does suggest that JD.com's revenues are expected to grow faster than the wider market.

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Friday, November 15


News

JD.com Reports Robust Sales Growth With The Expectation For More

JD

Chinese e-commerce heavyweight JD.com (NASDAQ: JD) reported third quarter 2019 adjusted earnings per share (EPS) of Renminbi (RMB) 2.08, much higher than the prior year's RMB 0.80 per share performance. The company reported that annual active customer accounts increased by more than 13 million users to 334.4 million during the period, with mobile monthly active users increasing 36% year-over-year. More than half of the company's net revenue came from the sale of electronics and appliances, which increased 21.9% year-over-year to RMB 75.8 billion. "JD saw excellent results for the third quarter marked by accelerating revenue growth and record operating profit margin. Looking forward, we will increasingly benefit from the economies of scale inherent in JD's unique business model through our leading supply chain, technology and service capabilities," said JD.com's chief financial officer Sidney Huang.

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China’s JD.com Boosted by Surging Online Sales

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Chinese e-commerce retailer JD.com convincingly beat estimates with surging sales, sending the stock higher in early trading on Friday.

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JD.com Shares Up Following Q3 Earnings Beat

JD

JD.com (NASDAQ: JD) reported third-quarter earnings of 29 cents per share on Friday, which beat the analyst consensus estimate of 17 cents by 70.59%. This is a 141.67% increase over earnings of 12 cents per share from the same period last year. The company reported quarterly sales of $18.865 billion, which beat the analyst consensus estimate of $18.13 billion by 4.05%. "More and more consumers in China's fast-growing lower-tier cities are turning to JD for our superior value and service,” said Richard Liu, the CEO of JD.com in a statement. “We will continue to invest in technology and innovation to meet the growing needs of Chinese consumers and businesses for fast and reliable e-commerce and supply chain solutions."

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JD.com Announces Third Quarter 2019 Results

JD

BEIJING, Nov. 15, 2019 (GLOBE NEWSWIRE) -- JD.com, Inc. (JD), China’s leading technology driven e-commerce company and retail infrastructure service provider, today announced its unaudited financial results for the quarter ended September 30, 2019. JD Logistics continued to expand its third-party businesses rapidly in the third quarter with external revenues accounted for nearly 40% of its total revenues. As of September 30, 2019, JD Logistics operated over 650 warehouses. By the end of October 2019, JD.com joint venture Dada-JD Daojia, China’s leading on-demand logistics and omnichannel e-commerce platform, had formed partnerships with over 300 well-known chain retailers and more than 50 first-tier international and domestic FMCG brands. The company defines non-GAAP net income/(loss) attributable to ordinary shareholders as net income/(loss) attributable to ordinary shareholders excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements and non-compete agreements, gain/(loss) on disposals/deemed disposals of investments, reconciling items on the share of equity method investments, loss/(gain) from fair value change of long-term investments, impairment of goodwill, intangible assets and investments, gain and foreign exchange impact in relation to disposals of long-lived assets and tax effects on non-GAAP adjustments.

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China's JD.com beats quarterly revenue estimates, shares rise

JD TRI

SHANGHAI (Reuters) - China's JD.com Inc <JD.O> beat analysts' estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business, sending its shares up nearly 7% before the bell. The company attributed the strong results to growth in lower-tier cities, a key area of expansion for China's e-commerce giants as they tap out their existing base of users in China's wealthier regions. The company's total net revenue rose 28.7% to 134.8 billion yuan ($19.27 billion) in the third quarter ended Sept. 30. Internet companies JD.com and bigger rival Alibaba Group Holding Ltd <BABA.N> are looking at other areas for diversification to deal with slowing growth in domestic e-commerce business, against the backdrop of the ongoing U.S.-China trade tensions.

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[video]JD.Com Shares Spike After Online Sales Surge Drives Q3 Earnings Beat

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JD.com shares traded sharply higher Friday after the China-based e-commerce giant and key rival to Alibaba Group posted stronger-than-expected third quarter earnings as product sales from its online platform neared $17 billion.

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