By Tracy Qu

JD.com is scheduled to report results for the first quarter on Tuesday. Here is what you need to know:

NET PROFIT: The Chinese e-commerce company's net profit is expected to rise 24% to 8.87 billion yuan, equivalent to $1.23 billion, according to the consensus estimate of 12 analysts in a FactSet poll. That would compare with 7.13 billion yuan in the year-earlier period.

REVENUE: The Beijing-based company's quarterly revenue is estimated at 287.35 billion yuan, according to FactSet, up from 260.05 billion yuan a year ago.

JD.com's Hong Kong-listed shares rose 18% in the first three months of 2025, driven by optimism over Chinese AI startup DeepSeek and Beijing's more favorable stance toward private enterprises. Since then, the stock has shed about 15% of its value, with Trump's wide-ranging tariffs announced in April roiling markets.

WHAT TO WATCH:

--JD.com could have solid revenue momentum in the near term, according to analysts. In a research note, Daiwa said the company's total revenue likely rose 12% in the first quarter and could continue double-digit growth in the second quarter, thanks to the Chinese government's trade-in program. Strong demand for electronic devices such as smartphones and computers likely supported the top line, Citi wrote in a note.

--JD.com is relatively well-positioned to navigate the macroeconomic uncertainty given its limited exposure to cross-border sales, Citi analysts said. JD.com will also benefit if Beijing decides to spur domestic consumption further, such as by extending the trade-in program or encouraging more exporters to focus on local sales.

Write to Tracy Qu at tracy.qu@wsj.com

(END) Dow Jones Newswires

May 12, 2025 03:12 ET (07:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.