JD.com is trading 4.98% down at $30.04 after investors focused on declining second-quarter revenue and electronics weakness despite a substantial EPS beat.
- Net revenue fell 2.9% year over year to RMB346.4 billion, while operating income improved sharply to RMB4.5 billion.
- Concerns about slowing core-business demand outweighed improved profitability and management’s second-half outlook.
- Broader U.S. markets are rising, making the earnings-driven decline primarily company-specific.