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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