JD.com Q1 Profit Rises 13.9%; Revenue Up 7%

JD.com Stock Slips As Walmart Confirms Entire Stake Sale

Shares of JD.com Inc. traded down around 8 percent on the Hong Kong exchange and were losing more than 8 percent in the early morning trading on the Nasdaq after retail giant Walmart Inc. announced the sale of its entire stake in the Chinese e-commerce firm. Walmart expects the sale to help focus on its strong China operations for Walmart China and Sam's Club, and deploy capital towards other prio

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JD.com Swings To Profit In Q4; Revenue Up 7.1%

e-commerce company JD.com, Inc. (JD) reported Thursday a net income attributable to ordinary shareholders for the fourth quarter of RMB3.03 billion or $441 million, compared to a net loss of RMB5.17 billion in the year-ago quarter. Net income per ADS was RMB1.91 or $0.28, compared to a net loss per ADS of RMB3.33 last year.

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JD.com Q2 Net Profit Soars; Revenue Up 5.4%

e-commerce company JD.com, Inc. (JD) reported Tuesday that net income attributable to ordinary shareholders for the second quarter was RMB4.38 billion or $0.65 billion, compared to RMB0.79 billion in the year-ago quarter. Net income per ADS was RMB2.74 or $0.41, compared to RMB0.50 last year.

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China Shares Poised To Open In The Green

The China stock market on Tuesday ended the three-day winning streak in which it had collected more than 80 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,990-point plateau although it may move higher again on Wednesday.

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Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 9,000 level, despite the broadly positive cues from Wall Street overnight, with weakness in financial and technology stocks.

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Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had slumped more than 220 points or 0.8 percent. The Taiwan Stock Exchange now sits just shy of the 27,950-point plateau although it may find renewed support on Wednesday.

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Singapore Bourse May Extend Winning Streak

The Singapore stock market has climbed higher in six straight sessions, jumping more than 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,450-point plateau and it may add to its winnings on Wednesday.

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Malaysia Shares May Reverse Tuesday's Losses

The Malaysia stock market on Tuesday ended the three-day winning streak in which it had improved more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,615-point plateau, although it's likely to move back to the upside again on Wednesday.

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