China's JD.com misses revenue estimates as subsidy boost tapers

By Deborah Mary Sophia and Sophie Yu March 5 (Reuters) - China's JD.com missed market estimates for quarterly revenue on Thursday as stiff competition and waning ‌benefits from government subsidies ate into demand at the e-commerce giant. Consumer demand ‌in China has weakened in recent years as a prolonged property sector crisis, employment concerns and geopolitical tensions ​weighed on growth in the world's second-largest economy. That has hurt retailers such as JD.com, the largest seller of home ap ...