JD.com Extends Decline to More Than 10% After First Quarterly Revenue Drop Since U.S. Listing
JD.com shares in Hong Kong extended their decline to more than 10% on Friday, hitting a one-month low. The company’s earnings report released Thursday showed second-quarter revenue fell 2.9%, marking JD.com’s first quarterly revenue decline since it listed in the United States in 2014. By the midday close, JD.com’s Hong Kong-listed shares (9618 HK) were down 10.08% at 110.60 Hong Kong dollars. The Hang Seng Index fell 0.9%.
JD.com shares in Hong Kong extended their decline to more than 10% on Friday, hitting a one-month low.
The company’s earnings report released Thursday showed second-quarter revenue fell 2.9%, marking JD.com’s first quarterly revenue decline since it listed in the United States in 2014.
By the midday close, JD.com’s Hong Kong-listed shares (9618 HK) were down 10.08% at 110.60 Hong Kong dollars. The Hang Seng Index fell 0.9%.
The company’s earnings report released Thursday showed second-quarter revenue fell 2.9%, marking JD.com’s first quarterly revenue decline since it listed in the United States in 2014.
By the midday close, JD.com’s Hong Kong-listed shares (9618 HK) were down 10.08% at 110.60 Hong Kong dollars. The Hang Seng Index fell 0.9%.