JD.com reported stronger-than-expected earnings for Q1, with net profit rising 53% to 10.89 billion RMB ($1.51 billion), exceeding analyst estimates of 8.87 billion RMB ($1.23 billion). Revenue grew 16% to 301.08 billion RMB ($41.84 billion), surpassing the forecast of 287.35 billion RMB ($39.93 billion). CEO Sandy Xu attributed the solid results to improving consumer sentiment and ongoing improvements in JDcom’s supply-chain and user experience. Despite facing stiff competition from younger rivals like Pinduoduo and Douyin, JD.com delivered robust performance.