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China's Jd.com Revenue Meets Expectations As Slowdown Set To Continue

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A sign of China's e-commerce company JD.com is seen at CES Asia 2016 in ShanghaiBy Paul Carsten BEIJING (Reuters) - JD.com Inc, China's second biggest e-commerce company, reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline that is expected to continue. The company, Alibaba Group Holding Ltd's main rival in online shopping, said on Wednesday revenue for the quarter rose 42 percent to 65.2 billion yuan ($9.83 billion), within JD.com's forecast range of 64.2-66.2 billion yuan.




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