JD.com Inc, China’s second largest e-commerce firm, said on Monday that third-quarter revenue rose 52 percent from a year ago, in line with expectations, as user numbers and orders grew at a rapid clip.
However, the results marked JD.com’s first quarter-on-quarter decline in revenue and its slowest annual growth rate in at least two and a half years.
Revenue growth could slow even further, as the ripples of China’s economic slowdown spread through domestic industries and begin to hit consumer’s wallets.
(Source: Shanghai Daily)