Price war shows little impact on JD retail margin as e-commerce giant beats revenue estimates

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China’s JD beats market expectations for both revenue and profit in the first quarter of 2023, as earnings grew 7% to RMB 260 billion ($36 billion) compared to a year earlier, and net profit amounted to RMB 7.1 billion, a 12.7% increase. A low-price strategy and continuous discount campaigns throughout the year helped bring the[…[…
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作者 gocpmall