JD.com's Q2 profit plunges amid China's food delivery battle
CISSY ZHOU
August 14, 2025 18:56 JST
HONG KONG -- JD.com's net profit for the April-June quarter plunged 51% on the year to 6.2 billion yuan ($864 million) as the Chinese e-commerce platform took a hit from hefty subsidies it pumped into its food delivery service in an ongoing battle with Meituan and Alibaba in that space.
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JD.com's Q2 profit plunges amid China's food delivery battle
Spending on its food delivery business ate into profit in the second quarter as the price war in the sector shows no sign of easing. © AP CISSY ZHOU August 14, 2025 18:56 JST HONG KONG -- net profit for the April-June quarter plunged 51% on the year to 6.2 billion yuan ($864 million) as the Chinese e-commerce platform took a hit from hefty subsidies it pumped into its food delivery service in an ongoing battle with Meituan and Alibaba in that space.
