Monday, June 20, 2022

JD.com reports revenue from its June 18 shopping festival rose 10.3% to $56.6B, the slowest growth since 2017, as China's lockdowns dampen consumer demand (Wall Street Journal)

Wall Street Journal:
JD.com reports revenue from its June 18 shopping festival rose 10.3% to $56.6B, the slowest growth since 2017, as China's lockdowns dampen consumer demand  —  Consumers hit the brakes in latest indication of damaged sentiment from macroeconomic headwinds and lengthy lockdowns



at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...