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JD.com Soars After Beating Expectations

By
Shai Oster
· · Source: The Information

Shares in JD.com jumped higher Monday after the Chinese online retailer reported stronger than expected sales for the final quarter of last year, and predicted revenue would grow 10% in the first quarter of this year. The company’s optimism comes in contrast to Alibaba’s recent warning about the impact of the coronavirus. China’s economy is widely expected to have grown at a much slower rate in...

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