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Chinese e-commerce site JD. com rose 17%, as corporate records recorded user expansion in the second quarter and downplayed the effect of technological crackdown.

August 25, 2021
Source: receive.news receive.news
News Snapshot:
Chinese e-commerce JD. com rose as much as 16. 6% in Hong Kong on Tuesday after the company reported a record expansion in user numbers and ignored the worst of Beijing’s regulatory crackdown. The stock, indexed on the Hong Kong Stock Exchange, rose to $284 from $243. 60 at the previous day’s close. Second-quarter profit grew more than 26% year-on-year, above analysts’ expectations. This expansion drove a record 32 million new users, bringing the total number to more than 530 million. marketing and management costs. “I think everyone has paid attention to the recent regulatory adjustments and will possibly get...
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Tags: Alibaba | bank | Business | China | Chinese | crackdown | e-commerce | environment | executive | expansion | finance | financial | Hong Kong | Hong Kong Stock Exchange | Internet | inventory | investment | investment bank | JD | online shopping | retail | stock exchange | stocks | technology | Tencent

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