JD.com lower following Alibaba's Q1 results

|About: JD.com (JD)|By:, SA News Editor

Alibaba disclosed in a revised F-1 its Q1 revenue rose 39% Y/Y in Q1, a much slower pace than Q4's 66% (as reported by Yahoo). GMV growth fell to 46% from 53%.

JD.com (JD -3%) is selling off. Alibaba's Tmall (B2C) site, which directly competes against JD, saw its GMV grow 90% Y/Y in Q1 to RMB135B, after growing 101% in seasonally strong Q4 to RMB183B.