JD.com Beat Expectations, Investors Still Sold The Stock
The e-commerce giant has reduced the pain from its entry to food delivery, but weak retail sales and crowded new battlefields show its next growth engine remains elusive image credit: Bamboo Works Key
JD.com made more money than people expected, which is good, but its regular store sales are still slow and it's spending money on new businesses that aren't sure bets yet. When a company beats expectations but investors still worry about the future, it's worth watching to see if it can find a new way to grow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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