Posts From King World News

China's JD.com quarterly revenue tops estimates, third-quarter growth seen slowing

By Paul Carsten BEIJING (Reuters) – JD.com Inc, China’s second-largest e-commerce site by sales, reported a 61 percent year-on-year rise in quarterly revenue, topping expectations, powered by a jump in the number of shoppers and goods bought on its platform. The group’s second-quarter revenue of 45.9 billion yuan ($7.4 billion) exceeded an average estimate of 44.45 billion, according to a Thomson Reuters I/B/E/S poll of 14 analysts. JD.com, a distant

China's JD.com quarterly revenue tops estimates, third-quarter growth seen slowing

By Paul Carsten BEIJING (Reuters) – JD.com Inc, China’s second-largest e-commerce site by sales, reported a 61 percent year-on-year rise in quarterly revenue, topping expectations, powered by a jump in the number of shoppers and goods bought on its platform. The group’s second-quarter revenue of 45.9 billion yuan ($7.4 billion) exceeded an average estimate of 44.45 billion, according to a Thomson Reuters I/B/E/S poll of 14 analysts. JD.com, a distant

Whole Foods overpricing led to securities fraud -U.S. lawsuit

A Whole Foods Market Inc shareholder has accused the grocer in a lawsuit of committing securities fraud by concealing its overcharging of New York City customers, leading to bad publicity that hurt sales and drove its share price down. In a complaint filed on Thursday in federal court in Austin, Texas, the plaintiff Yochanan Markman said Whole Foods knew or recklessly disregarded that it routinely overstated the weight of pre-packaged