China’s JD.com beats revenue estimates on sales of lower-priced goods

News Snapshot:

A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo Acquire Licensing Rights Aug 16 (Reuters) - Chinese e-commerce firm JD.com (9618.HK), beat Wall Street estimates for second-quarter revenue on Wednesday, as its focus on pushing lower-priced products to attract customers amid an economic slowdown paid off. JD.com saw increased traffic on the back of purchases ahead of the holiday season and as people attending offices and social functions continued to upgrade their wardrobes. Revenue grew 7.6% to 287.9 billion yuan ($39.7 billion), compared with...