Chinese e-commerce firm JD.com beats fourth-quarter revenue estimates


A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo

(Reuters) - Chinese online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday, as aggressive price cuts helped revive demand from consumers grappling with an uncertain economy.

The company reported quarterly net revenue of 306.1 billion yuan ($42.52 billion), compared with analysts' average estimate of 300.04 billion yuan, according to LSEG data.

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