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JD.com losses nearly double estimates despite sales rise

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JD.com has swung back into the red amid its second quarter nearly doubling loss forecasts as it shifts its warehouse and assets to another unit. The Chinese retail behemoth reported a loss of $334.4 million (£262.8 million) for the three months since April, nearly double the $177 million loss Reuters ’ analysts predicted.

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JD.com losses nearly double estimates despite sales rise

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