Latest News Falls on Net Loss, Slowest Revenue Growth in Six Quarters


© Reuters.

By Dhirendra Tripathi – ADRs (NASDAQ:JD) traded 7.4% lower in premarket Thursday as it posted a loss in October-December following the slowest pace of revenue growth in six quarters.

Consumer spending slowed while general expenses rose 89%, primarily due to the increase in share-based compensation. Last month, bigger rival Alibaba (NYSE:BABA) posted its slowest revenue growth for the same period since going public in 2014. reported a net loss of 5.2 billion yuan (around $820 million) after revenue grew 23% to 276 billion yuan. It had posted a profit of over 24 billion yuan in the same period last year.

Cost of revenue jumped about 24% while market expenses surged over 28%.

Revenue at JD Retail, the unit that accounts for the bulk of the company’s revenue from its website, retail partnerships and retail stores, rose nearly 21%. The logistics business saw revenue jump about 28%.

While most Chinese tech giants were facing the heat from the country’s crackdown last year, was left untouched and in fact benefited, adding new and returning brands like Starbucks (NASDAQ:SBUX) and Estee Lauder (NYSE:EL) to its platform, according to Bloomberg.

Annual active customer accounts jumped 21% to about 570 million in 2021.’s stock is down over 30% in the last year. It has been under pressure also because of a decision by Tencent (OTC:TCEHY), one of its early backers, to distribute its shares among its shareholders as a one-time dividend. Falls on Net Loss, Slowest Revenue Growth in Six Quarters

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