China's JD.com says worst is over for consumer demand
Source: Reuters
Nov 18 (Reuters) - E-commerce firm JD.com Inc (9618.HK), posted an 11.4% rise in third-quarter revenue on Friday, beating analysts' estimates as COVID-19 lockdowns in China led more consumers to shop online.U.S.-listed shares in JD.com rose more than 3% in trading before the bell.Chinese retail spending has sagged this year, with consumers frustrated by the government's strict "zero-COVID" policy that has led to…
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