By George Glover

JD.com reported better-than-expected results on Tuesday, as rebounding consumer spending in China boosted the online retailer's top and bottom lines.

The e-commerce company reported first-quarter adjusted net income of 12.8 billion Chinese yuan ($1.8 billion), as revenue rose 16% from a year ago to 301.1 billion yuan ($41.5 billion). Analysts were expecting net income of $1.5 billion on revenue of $39.6 billion, according to a FactSet poll.

JD.com CEO Sandy Xu said performance had been boosted by "improving consumer sentiment and continued enhancements to JD's supply chain capabilities and user experience." China's economy got a boost from a sharp rise in exports over the first quarter, although some economists are worried that growth could stall after a period of disruption triggered by President Donald Trump's tariff plans.

JD.com American depositary receipts slipped 2.3% ahead of the opening bell, after surging 6.5% Monday. Futures tracking the S&P 500 were down 0.4%.

ADRs for rival Alibaba Group slipped 2.7%, and ADRs for Temu parent PDD Holdings were down 1.3% in the premarket.

Write to George Glover at george.glover@dowjones.com

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May 13, 2025 06:08 ET (10:08 GMT)

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