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Singles' Day

A JD.com sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, in December last year. China’s second largest e-commerce company saw its US-listed shares drop after reporting lower-than-expected quarterly profit on Friday. Photo: Reuters

Shares of China’s JD.com drop on fourth-quarter profit miss

JD.com, China’s second largest e-commerce company, saw its US-listed shares drop after reporting lower-than-expected quarterly profit on Friday, as the company’s margins were squeezed by competition during its top earnings season.

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