JD.com (JD) Stock: Why Shares Jumped 5% After Profit Plunged 55%

TLDR JD.com’s third-quarter revenue hit 299.1 billion yuan, surpassing the 294.05 billion yuan analyst forecast by 5 billion yuan. Net income dropped to 5.3 billion yuan from 11.7 billion yuan year-over-year as the company invested in expansion. The e-commerce platform reached 700 million annual active customers in October. Food delivery operations improved with reduced investment [...]

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