Editor
Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-sensitive consumers to its platform.
JD.com’s US-listed shares rose as much as 3.5 percent in premarket trading.
Major Chinese vendors like JD.com and Alibaba have increased focus on discounts and lower-priced goods as Chinese shoppers have become more cautious about spending.
A stuttering post-Covid recovery…
