JD.com, Inc. (0JOQ.L)
- Yahoo Finance Video
Chinese stocks: How Baidu and JD.com react to Q1 earnings
Shares of Baidu (BIDU) are falling slightly after the company posted its first-quarter earnings, revealing revenue of $4.37 billion beating consensus estimates of $4.32 billion (Chinese yuan converted to US dollar). In addition, Baidu's online marketing revenue grew 3% year-over-year to $2.36 billion. JD.com (JD) stock has been trending up over the past month, with the company beating estimates for its first quarter with revenue of $36.02 billion, a 7% growth year-over-year, versus an expected $35.62 billion (Chinese yuan converted to US dollar). Additionally, the company's net service revenues grew 8.8% year-over-year to $7.14 billion. Catalysts Anchors Madison Mills and Seana Smith break down the latest developments with these two Chinese companies and how they may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- GlobeNewswire
JD.com Announces First Quarter 2024 Results
BEIJING, May 16, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net revenues were RMB260.0 billion (US$136.0 billion) for the first quarter of 2024, an increase of 7.0% from the first quarter of 2023.Income from operations was RMB7.7 billion (US$1.1
- Yahoo Finance Video
What's motivating stock momentum in China's internet giants?
Morning Brief Co-Hosts Myles Udland and Seana Smith turn their attention to Chinese internet stocks, focusing on the stock performances of industry titans such as Alibaba (BABA) which is set to report fiscal fourth-quarter earnings on Tuesday, Tencent Music Entertainment Group (TME), and JD.com (JD). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
