China-based JD.com (NASDAQ: JD) reported fiscal second-quarter results on Thursday.
The company reported a quarterly revenue growth of 22.4% year-over-year (Y/Y) to $49.8 billion, beating the analyst consensus estimate of $46.9 billion.
JD posted an adjusted net income per ADS of 69 cents, beating the analyst consensus estimate of 44 cents.
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JD.com’s net product revenue increased by 20.7% Y/Y at $39.42 billion. Net service revenues rose 29.1% Y/Y to $10.36 billion.
JD Retail revenue climbed 20.6% Y/Y to $43.3 billion, Logistics revenue gained 16.6% Y/Y to $7.2 billion, and the new business revenues grew 198.8% Y/Y to $1.9 billion.
JD.com’s marketing expenses rose 127.6% …