China's JD.com beats revenue estimates on sales of lower-priced goods

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JD.com saw increased traffic on the back of purchases ahead of the holiday season and as people attending offices and social functions continued to upgrade their wardrobes.

Revenue grew 7.6% to 287.9 billion yuan ($39.7 billion), compared with analysts’ average estimate of 278.85 billion yuan, according to Refinitiv data.

U.S.-listed shares of JD.com reversed declines to trade flat before the bell.

(1 Chinese yuan = $0.1370)