Financial PerformanceNet product revenues stayed flat year-over-year at RMB233.9 billion in the second quarter, decelerating from 6.6% year-over-year growth in the first quarter, dragged by declined electronic product sales.
Market DynamicsPotential market share loss when competitors ramp up subsidies and promotions.
Strategic ConcernsSince the current share repurchase program has been largely utilized, JD needs to convince the market with its ability in retaining market share in core electronics and home appliance category.