E-commerce giant JD.com posts slowest revenue growth

BEIJING, Aug 23 (AFP): Chinese e-commerce giant JD.com reported its slowest revenue growth so far in the second quarter, the company said Tuesday, the latest in a series of gloomy numbers as China's economic growth slows.

JD.com's results came shortly after tech giant Tencent reported its first drop in quarterly revenue since going public-on top of job cuts-while Alibaba saw flat quarterly revenue growth for the first time.

China's major tech companies have been grappling with economic uncertainty, Covid-19 restrictions that have kept consumers jittery, as well as heightened scrutiny from regulators in recent months.

JD.com logged 5.4 percent revenue growth on-year in the second quarter, the company said-better than analysts expected but the lowest since it went public in 2014.