5 articles | last updated: May 16 16:29:44
The Chinese e-commerce giant's focus on lower prices and promotions drives revenue growth and user engagement.
- JD.com reported a 7% increase in first-quarter revenue to CNY260 billion, beating analyst estimates.
- The company's adjusted earnings per ADS were 5.65 yuan, surpassing forecasts.
- Sales in JD Retail and JD Logistics divisions showed significant growth, while the New Businesses segment saw a decline.
- CEO Sandy Xu credited improved user experience for the rise in active users and engagement.
- JD.com repurchased shares worth $1.3 billion, reflecting its commitment to returning value to shareholders.
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