U.S.-listed shares of JD.com advanced 12% in premarket trading. “JD’s proactive actions have begun to produce results as our decisive focus on user experience, price competitiveness and platform ecosystem drives deeper and more frequent user engagement and healthier user growth momentum,” said CEO Sandy Xu in a statement. Indeed, it appears that a focus on attracting budget-conscious customers with lower prices was bearing fruit amid China’s economic slowdown.
JD.com Stock Surges on Earnings Beat. There’s Even More to Be Happy About.
Mar 6, 2024
