JD.com CEO's Retirement Boosts Stock Price and Chinese Tech Market
TL;DR Summary
JD.com reported Q1 FY23 revenue growth of 1.4% YoY to $35.4 billion, beating the consensus of $34.6 billion. Non-GAAP net income per ADS of $0.69 beat the consensus of $0.51. CFO Sandy Ran Xu was named CEO and director, succeeding Lei Xu, who will retire for personal reasons. JD.com shares traded higher by 4.22% at $36.55 in the premarket session.
- Why JD.com (JD) Shares Are Trading Higher Premarket Today - JD.com (NASDAQ:JD) Benzinga
- CEO of Chinese e-commerce giant JD.com steps down after just one year as company swings to profit CNBC
- JD.com Stock Climbs on Earnings Beat. The CEO Is Retiring. Barron's
- Why JD.com Stock Was Climbing Today The Motley Fool
- Chinese tech stocks move higher after strong Q1 from JD.com (JD) Seeking Alpha
- View Full Coverage on Google News
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