US shares of JD.com fall after Q2 revenue decline

“Despite near-term revenue headwinds, we achieved strong bottom-line growth, marking a clear inflection in our profit trajectory” — CEO Sandy Xu.

Up to the last close, the stock was up about 10% this year.

($1 = 6.7427 Chinese yuan renminbi)

U.S.-listed shares of JD.com JD.O were down 3.9% at $30.42.

JD said its second-quarter revenue decreased by 2.9% to 346.4 billion yuan ($51.37 billion), beating analysts' average estimate of 344.6 billion yuan, according to data compiled by LSEG.