JD.com Just Had One of Its Best Quarters, Ever
JD.com (NASDAQ: JD), a leading e-commerce company in China, is on a winning streak in the year 2020. After clocking a 34% year-over-year revenue growth rate in the last quarter, it continues to deliver a solid 29% growth in the latest quarter on the back of strong user growth.
But strong revenue growth is just one part of the overall story. Let's explore a few important highlights that investors should take away from the latest earnings report, released last week.
The COVID-19 pandemic has affected almost every business globally, leaving all but a few industries worse off in the year 2020. The e-commerce industry is one of the few that has benefited from the crisis, and that's evident in JD.com's third-quarter 2020 result.
Source Fool.com
