JD.com Beats Estimates With Quarterly Profit, Revenue Gains

Chinese e-commerce giant JD.com beat analyst estimates for quarterly profit and revenue, helped by a better performance in its main business lines and cost controls.

The Beijing-based company said Wednesday that net profit in the third quarter rose 33% from a year earlier to 7.94 billion yuan ($1.09 billion). That beat a median estimate for CNY6.94 billion in a FactSet poll of analysts.