JD.com Inc (NASDAQ:JD) is trading lower Thursday after the company reported fourth-quarter results showing slowing growth.
JD said quarterly revenue increased 23% year-over-year to RMB275.9 billion ($43.3 billion). JD attributed the revenue growth to a 25.1% increase in net product revenues, which accounted for about 85% of the total revenue.
JD said it lost 52 cents per share on a diluted net income basis.
JD is China's second largest e-commerce company after Alibaba Group Holding Ltd (NYSE:BABA) in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery.
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JD 52-Week Range: $56.41 - $94.40
JD shares were down 16.1% at $52.33 at time of publication.
