3 Important Takeaways From JD.com’s Latest Earnings
Investors in JD.Com Inc (NASDAQ: JD), known as the Amazon.com of China, had a fruitful 2019, with strong financial performance and accelerating revenue growth in the second and third quarters driving shares up 40% for the year. This positive streak continued as JD beat expected revenue by more than $600 million and swung a net loss to net profit in its latest earnings release earlier this month. Here, we will look at three major takeaways that investors should note from its earnings report.
Image source: JD.com.
One of the main concerns about JD.com is whether it can sustain high growth over the long term, which has declined materially from the early days. See below:
Source Fool.com
