BUZZ-China's JD.com rises after upbeat Q1 revenue
JD
JD JD | 0.00 |
** U.S.-listed shares of Chinese retailer JD.com JD.O up 1.3% at $30.94 premarket
** Co says its Q1 revenue rises 4.9%, helped in part by a new round of government subsidies for electronic goods aimed at spurring consumer demand
** Reports revenue of 315.7 billion yuan ($46.48 billion), beating analysts' avg est of 311.8 billion yuan, according to data compiled by LSEG
** As of last close, stock up ~6% this year
($1 = 6.7920 Chinese yuan renminbi)
