JD.com Rises as Retail Margin Beat Offsets Food-Delivery Cost Fears
JD.com’s Hong Kong shares closed up 8.3% after first-quarter revenue and adjusted profit beat expectations. U.S.-listed ADRs rose 3.2% premarket. Operating margin improved to 5.6% as food-delivery losses narrowed, though net income fell 53% to RMB5.1 billion due to higher costs. Management signaled hopes for stronger electronics sales later in the year.