November 15, 2019 / 10:14 AM / 23 days ago

China's JD.com beats quarterly revenue estimates

Nov 15 (Reuters) - China’s JD.com Inc beat analysts’ estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business.

The company’s total net revenue rose 28.7% to 134.8 billion yuan ($19.27 billion) in the third quarter ended Sept. 30. Analysts were expecting revenue of 128.6 billion yuan, according to IBES data from Refinitiv.

$1 = 6.9941 Chinese yuan renminbi Reporting by Neha Malara in Bengaluru; Editing by Shounak Dasgupta

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