JD Com reported higher-than-expected quarterly earnings as more people shopped on its online platform, following lockdowns in mainland China to tackle the coronavirus.
The company’s share rises 8% in pre-conference trading.
The resurgence of the coronavirus in the world’s second-largest economy and the severe restrictions imposed have revived demand for online sales, helping businesses in the industry return to the growth rates they experienced in the early stages of the pandemic.
The company reported revenue of 239.66 billion yuan ($ 35.57 billion) for the quarter to March 31, while analysts expected 236.66 billion yuan.
Net loss stood at 2.99 billion yuan, up from 3.26 billion yuan a year ago.
Source: Capital
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