JD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.
But there are signs that China's crackdown on the tech sector may be easing.for the so-called "platform economy" which refers to companies that run services online, ranging from social media to e-commerce.
reported that senior Chinese officials are meeting with tech executives on Tuesday, adding to sentiment that there could be an easing of regulatory tightening.saying "significant uncertainties should begin to abate on the back of recent regulatory announcements."
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