JD.com Reported Net Loss of $3 Billion in the First Quarter 2022
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On May 17, JD.com released its financial reports, showing that in the first quarter of this year, JD’s total revenue was 239.7 billion yuan, up 18% year-on-year, compared to market expectations of 236.7 billion yuan. Operating profit was $2.4 billion, compared to $1.7 billion a year ago. Net loss attributable to common shareholders was $3.0 billion, compared to net income of $3.6 billion in the same period last year.