Chinese e-commerce giant JD.com exceeded market expectations for quarterly revenue on Thursday, as deep discounts and price cuts encouraged robust spending from consumers, driving up strong year-end sales.

Chinas market regulator, the State Administration for Market Regulation (SAMR), hosted a symposium on fair competition, bringing together executives from major companies, including Alibaba (NYSE:BABA),

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Discover JD.com's Q4 earnings forecast as China's stimulus boosts retail growth. Analysts predict 10.7% EPS rise.

Shares in U.S.-listed Chinese technology companies such as Alibaba, JD.com and Temu's parent company PDD fell sharply Monday. Alibaba in afternoon trading stood about 9.7% lower, while PDD lost 9.3%.

Chinese e-commerce giant JD.com exceeded market expectations for quarterly revenue on Thursday, as deep discounts and price cuts encouraged robust spending from consumers, driving up strong year-end sales.

JD.com Inc. posted its fastest revenue growth in almost three years after Beijing policies helped shore up consumer spending across the world’s No. 2 economy.Most Read from BloombergTrump Administrati

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JD.com (NASDAQ:JD) is set to report Q4 earnings on Thursday and investors will keep an eye on the e-commerce company’s retail sales data in China as favorable Chinese government stimulus measures boosting consumer demand.

The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.

(NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months and the full year ended December 31,

JD.com shares are trading lower by 7% to $39.49 during Monday's session, retreating following recent gains. The stock has gained 15% on a year-to-date basis, amid a broader rally in Chinese equities and following Alibaba's strong earnings.