Behind JD.com's Q3 profit pressure: Food delivery is burning cash, core electronics and home appliances business slowing down, AI-driven advertising emerges as a growth highlight
JD.com Group delivered a mixed earnings report in the third quarter. Although both revenue and adjusted net profit beat market expectations, its core profitability is under significant pressure, mainly due to massive investments in new businesses such as food delivery eroding operating profits. Meanwhile, growth in its traditional electronics