market estimates – Charm

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

Cs news5 months ago03 mins

(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…

Alibaba falls short of first-quarter revenue estimates

Cs news8 months ago02 mins

(Reuters) -China’s Alibaba (BABA) missed market estimates for quarterly revenue on Friday as the company’s e-commerce business grapples with tough competition and choppy consumer demand, eclipsing gains in its cloud computing business. U.S.-listed shares of the company fell 1.5% in premarket trading. Consumer confidence in China has taken a beating from persistent weakness, with the…