JD.com capped a string of strong earnings reports this past week from China e-commerce companies — a red-hot market about to erupt with the coming IPO of Alibaba Group. JD.com (JD) broke even in Q2 excluding various items, beating analyst forecasts for a per-share loss of 2 cents. Revenue rose 64% in local currency to $4.6 billion vs. a year earlier, exceeding views. Active customers on the site rose 94% to 38.1 million. JD.com,
Vipshop Holdings late Wednesday reported another quarter of triple-digit earnings and sales growth that flashed past analyst forecasts while guiding Q3 estimates higher. But that still wasn’t enough for investors. The Chinese flash sales apparel online retailer fell about 4% to 220 in after-hours trading. During the regular session, the stock rose 4.5% to 229.18, hitting a record high intraday. Shares were up 10.5% this week.
BitAuto Holdings, whose stock drove into record territory Monday after the China auto information website steered Q2 earnings past Wall Street views, now has its eye on the used-car market. The Beijing-based company makes revenue from new-car sellers who place ads on BitAuto.com and from its subscription software designed to help auto dealers create online showrooms and market their cars to consumers. But while the company now