JD.com Beats Quarterly Revenue Estimate on Robust Demand
JD.com exceeded market expectations for quarterly revenue, driven by deep discounts and price cuts that encouraged customers to spend. The company's strong year-end sales were fueled by a surge in consumption sentiment, with CEO Sandy Xu expressing optimism for 2025. China's e-commerce leader JD.com reported double-digit growth in key metrics, including quarterly active users and shopping frequency.
- This robust demand may signal a resilience of China's consumer market, which has faced significant headwinds in recent years, challenging the prevailing narrative of slowing consumption.
- How will this renewed consumer enthusiasm impact JD.com's ability to maintain its competitive edge and expand into new markets?