Greater China
JD.com’s revenue rose 1.5% to 352.3 billion yuan, compared with analysts’ average estimate of 353.86 billion yuan.
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Singapore
Despite this turnaround, the market’s reaction echoed that of the 2023 sell-off.
Revenue for the full year increased 36.3% to $22.9 billion from $16.8 billion in 2024.
The company reported a 159% year-on-year jump in revenue to $79 million.
Sales dropped 41.1% from a year earlier.
It was preparing for mass production of the next-generation SU7.
The profit decline was largely due to a surge in delivery costs amid a subsidy war.
Last year, foreign investors began boosting their holdings of Chinese stocks in a big way.
Strength in its cloud business has helped Baidu offset weakness in its mainstay advertising unit.
The airline’s share of losses from associated companies climbed by S$163m.
