Chinese E-Commerce Giant JD Beats Estimates Despite Slowest Quarterly Revenue Growth on Record; Shares Pop 8% - NBC 5 Dallas-Fort Worth

Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year. Covid lockdowns in China and a slowdown in consumer spending is a headwind for the company. JD.com shares, which were already higher in U.S. pre-market trade ahead of earnings, extended the rally after the company’s revenue beat, trading 8% higher. Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations…