China's JD.com tops quarterly revenue estimates as demand holds up

China’s JD.com tops quarterly revenue estimates as demand holds up

(Reuters) -China’s JD.com (JD) topped market estimates for quarterly revenue on Thursday, as the e-commerce giant benefited from ​steady consumer spending on its platform thanks to government subsidies and lower prices.‌ U.S.-listed shares of the company rose nearly 5% in premarket trading. Chinese retail majors including ‌JD.com and Alibaba are using heavy discounts and price…

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John Ballard

Got $3,000? 2 Artificial Intelligence (AI) Stocks to Buy and Hold for the Long Term

These companies are rewarding investors through growing free cash flows. As artificial intelligence (AI) becomes more widely adopted, the big players in semiconductors and cloud computing are delivering significant gains for investors. Recent results from leading tech companies suggest this is the early innings of a long-term build-out in AI infrastructure. The total addressable market…

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