Taking on Alibaba is like fighting against Goliath in China’s e-commerce market. JD.com at least has friends at its back. China’s number two online seller, JD has been winning market share from its largest rival even as profits have remained elusive. The New York-listed company slid back into a loss last quarter—after its only profitable quarter since its IPO in 2014. Revenue grew at a better-than-expected 44%, the company said...

Source: Wall Street Journal August 15, 2017 09:45 UTC