JD.com (Nasdaq: JD) shares ended up in positive green territory after announcing its Q1 FY22 results last night which appear to exceed analysts’ expectations. Expectations surrounding many of the Chinese companies were low after the last round of earnings as China continues to tackle the ongoing issues of Covid-19 which dampens the overall spending of China’s consumption and management issued a conservative guidance for FY22. Overall revenue grew by 18% this quarter compared to the same period last year which was broken down into the following:-

• JD Retail grew by 17.1% year on year
• JD Logistics grew by 22% year on year
• Dada accounted for first time contribution this quarter
• New businesses grew by 11.7% year on year

The retail segment makes up ~90% of the overall revenue contribution and is an important strong segment for JD as it continued to partner with a series of high-end brands – including Kering Group’s high-end jewellery brand Qeelin,...