JD.com Q2 2021 results are soaring
What: Outstanding performances for the Chinese e-tailer during the second quarter of 2021
Why it is important: The growth of its user base (+28%) makes it impermeant to the recent Chinese government crackdown on Tech.
JD.com went beyond analysts’ expectations for Q2 2021 results in spite of the recent Chinese government crackdown on the tech industry. The net revenue of the online retailer grew by +26% to USD 39.14 bn and added 32 million new users (+28%) to 531.9 million.
During that quarter, JD.Com also expanded its operations with LVMH’s Bvlgari, Berluti and Guerlain, as well as brands from Estee Lauder companies and L’Oreal.
JD.com Announces 2021 Second Quarter and Interim Results
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