China's JD.com misses quarterly revenue estimates

Reuters

03/05

China's <a href="https://laohu8.com/S/JD">JD</a>.com misses quarterly revenue estimates

March 5 (Reuters) - China's JD.com 9618.HK missed market estimates for quarterly revenue on Thursday, in a sign that stiff competition and waning benefits from government subsidies were eating into demand at the e-commerce giant.

The company reported revenue of 352.3 billion yuan ($51.12 billion) in the fourth quarter ended December, compared with analysts' average estimate of 353.86 billion yuan, according to data compiled by LSEG.

($1 = 6.8918 Chinese yuan renminbi)

(Reporting by Deborah Sophia in Bengaluru; Editing by Himani Sarkar)

((DeborahMary.Sophia@thomsonreuters.com;))

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