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
Q1 2024 Dada Nexus Ltd Earnings Call
JD.com, Inc. (NASDAQ: JD) reported fiscal first-quarter 2024 revenue growth of 7% year over year to $36.02 billion, beating the analyst consensus estimate of $35.62 billion. JD posted an adjusted net income per ADS of $0.78, beating the analyst consensus estimate of $0.64. The stock price gained after the results. JD Segment Performance: JD.com's net product revenue increased by 6.6% year over year to $28.88 billion. Net service revenues rose 8.8% year over year to $7.14 billion. JD Retail reven