JD.com & Tencent Beat On EPS

JD.com Q2 Earnings Overview

Although JD.com did not achieve double-digit revenue growth like its peer Alibaba, the results were fairly strong. CEO Sandy Xu said that the company continues to take advantage of its superior supply chain and infrastructure while noting that the number of merchants on the platform reached a new record in the second quarter. JD.com’s margins tend to be lower as the company is more oriented towards appliances and other big-ticket items, as well as providing logistics services to merchants.

Non-GAAP (Adjusted)