"Alibaba's Taobao and Tmall sales rose 9% year on year, reflecting positive consumer spending and the advantages of AI in advertising, exceeding analyst expectations."
"JD.com reported a 16.3% revenue increase, with 17% growth in electronics sales, showing resilience in certain sectors amidst broader consumption challenges."
In May 2025, major Chinese e-commerce firms Alibaba, Tencent, and JD.com reported strong earnings, driven by increased consumer spending and the integration of artificial intelligence in their advertising strategies. Alibaba's sales rose 9% to 101.37 billion yuan, surpassing forecasts owing to improved consumer confidence. JD.com also saw a robust 16.3% increase in revenues, particularly in electronics. These results predate heightened U.S.-China trade tensions, which have impacted overall consumer sentiment but highlighted resilience in key market segments due to government subsidies.
Read at www.cnbc.com
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