(Reuters) – Chinese online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday, as aggressive price cuts helped revive demand from consumers grappling with an uncertain economy.
The company reported quarterly net revenue of 306.1 billion yuan ($42.52 billion), compared with analysts’ average estimate of 300.04 billion yuan, according to LSEG data.
($1 = 7.1989 Chinese yuan renminbi)
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Varun H K and Devika Syamnath)
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