Why JD.com Stock Is Rising Today
Shares of Chinese e-commerce company JD.com (NASDAQ: JD) were up today after the company reported better-than-expected first-quarter results. Additionally, JD.com's revenue of $37.8 billion increased 18% from the year-ago quarter and outpaced analysts' consensus estimate of $34.8 billion for the quarter. While the company's financial report was solid for the first quarter, investors may have also noticed that the company's revenue growth was its slowest growth rate as a publicly traded company.