- jade gao/Agence France-Presse/Getty ImagesJD.com posted its first quarterly loss in nearly four years as the food-delivery subsidy war in China continued to take a toll on the e-commerce giant. The hit to its bottom line underscored the intense pressure the Beijing-based company has faced as it vies for market share in a competitive industry. The company aims to grow its share of the food-delivery market to 30% in 2026 from the more than 15% it has gained, it said last month. The online retailer on Thursday swung to a fourth-quarter net loss of 2.71 billion yuan, equivalent to $392.9 million, its first since the first quarter of 2022. Revenue was better than expected, rising 1.5% to 352.28 billion yuan.

Source: Wall Street Journal March 05, 2026 19:21 UTC