Chinese e-commerce giant JD.com, Inc. (JD) is scheduled to post its third-quarter earnings before the opening bell on Monday, Nov. 19. New business segments, including the JD Mall, is expected to add to the top line.
For the past couple of years, JD.com has been investing in logistics, real estate and technology to bolster its global presence. The company sells electrical appliances, electronics and fast moving consumer goods that make up almost half of its revenue.
JD Mall aims at direct online sales and advertising. Given their first-half results, advertising revenue has really picked up — up 61% from a year ago.
Back in July, JD Finance — the financial arm that JD.com spun off last year — managed to raise $1.96 billion in the an equity offering. This was above the valuation of the company before the rumored IPO. Last year, Alibaba’s (BABA) rival JD.Com agreed to sell JD Finance for $2.1 billion in cash, with an aim to reorganize the unit and challenge the billionaire Jack Ma Yun’s Ant Financial.
Last quarter, JD.com (JD) reported a wider net loss of $0.23) per ADS even as revenue surged 32% to $18.5 billion, falling short of estimates.
JD.com has also been partnering with many companies to expand its e-commerce sales. It even shook hands with Google to explore new retail solutions — to provide personalized shopping solutions from anywhere in the world.
Even though JD.com’s primary metrics have been steadily tanking, it seems to be following the path of Amazon (AMZN). Diversification of its business and focus of improving its global footprint could help this giant in the future.
We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips.
Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the
Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company
TMobile US Inc. (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also