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China's JD.com beats quarterly revenue estimate on robust demand

China's JD.com beats quarterly revenue estimate on robust demand

FILE PHOTO: The logo of e-commerce app JD.com is displayed among mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/Illustration/File Photo

Chinese e-commerce giant JD.com exceeded market expectations for quarterly revenue on Thursday, as deep discounts and price cuts encouraged customers to spend, driving up strong year-end sales.