JD.com (JD, Financial) saw its U.S. listed shares rise by 3.3% to $37.25 following the announcement of strong quarterly earnings. The company reported a 52.7% year-over-year increase in net profit, reaching RMB 10.89 billion. Basic earnings per share stood at RMB 3.76, with American Depositary Shares (ADS) earning RMB 7.51 each.
According to non-GAAP measures, JD.com's net profit increased by 43.4% year-over-year to RMB 12.758 billion, surpassing the highest predictions from 16 brokerage firms, which was RMB 11.47 billion. Revenue for the quarter grew by 15.8% to RMB 301.082 billion, also exceeding analysts’ expectations.
Meanwhile, JD.com, along with platforms like Meituan and Ele.me, was summoned by Chinese regulators over competition issues in the delivery industry. Authorities demanded these companies adhere to e-commerce and competition laws, enhance internal management, and ensure fair competition to protect consumer and worker rights.
