JD.com post a surprise 2Q profit as the Chinese retailer’s bottom line got a boost from much-improved gross margins. JD has been taking steps to compete against the likes Alibaba (BABA), and has even partnered with Wal-Mart (WMT) to help with their online operation.
Earnings: Q2 EPS $0.04 vs ($0.03) est, Revenue 9.82B vs 9.81B
The stock is up 10% in early trade, and our position from $21 continues to climb higher.
