Chinese retailer JD.com reports Q1 revenue above estimates

Chinese retailer JD.com reports Q1 revenue above estimates

FILE PHOTO: People ride on a scooter past a JD.com's advertisement promoting Singles Day shopping festival, in Beijing, China October 26, 2023. REUTERS/Tingshu Wang/File Photo

Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as price cuts and discount coupons helped boost sales that have been hit by cautious consumers.