Alibaba Rival Clocks Over 11% Revenue Growth In Q3 Backed By Rural SMEs

  •, Inc (NASDAQ: JD) reported third-quarter FY22 revenue growth of 11.4% year-on-year to $34.2 billion, missing the consensus of $34.4 billion.
  • JD Segment Performance:'s net product revenue grew 5.9% Y/Y to $27.7 billion. Net service revenues rose 42.2% Y/Y to $6.5 billion. JD Retail revenue grew 7% Y/Y to $29.8 billion.
  • Margins: The non-GAAP operating margin expanded by 200 bps to 4.1%. 
  • Also Read: Alibaba Q2 Earnings: Clocks Only 3% Revenue Growth As Economic Slowdown And Regulatory Headwinds Weigh; Approves Additional $15B Buyback
  • Non-GAAP net income per ADS of $0.88 beat the consensus of $0.63.
  • generated $329 million in free cash flow and held $30.7 billion in cash and equivalents.
  •'s annual active customer accounts increased by 6.5% Y/Y to 588.3 million.
  • "'s focus on efficiency across various businesses helped drive healthy growth even when the industry continued to face significant challenges," said Lei Xu, CEO of "We are pleased that's high-quality growth is increasingly powered by the millions of SMEs especially in rural industries that look to us for the most efficient supply chain solutions and sustainable growth opportunities."
  • Price Action: JD shares traded higher by 5.25% at $60.54 in the premarket session on the last check Friday.
  • Photo Via Company
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