JD.com’s first-quarter revenue beat Wall Street estimates on Wednesday, as growth remained robust in China’s vast e-commerce sector following the Covid-19 pandemic.
The Beijing-based company has joined rivals
Pinduoduo and
Alibaba Group Holding in racking up double-digit sales growth during the pandemic, as people flocked to online retail websites to shop for everything from groceries to luxury goods. Alibaba is the parent company of the
South China Morning Post.