Core Insights - JD.com Inc. reported third-quarter earnings and revenue that exceeded expectations, driven by steady double-digit growth in its core retail business and margin improvement [1] - The company achieved earnings per share of RMB3.73, significantly surpassing the consensus estimate of RMB2.65 [1] - Quarterly revenue increased by 14.9% year over year to RMB299.1 billion, exceeding analysts' forecasts of RMB294.54 billion [1] JD Retail Segment Performance - JD Retail, the largest segment of the company, generated revenue of RMB250.6 billion, reflecting an 11.4% increase from the same period in 2024 [2] - Segment operating income rose to RMB14.8 billion from RMB11.6 billion a year earlier, supported by stronger marketplace activity and disciplined cost management [2] - The operating margin improved to 5.9% from 5.2% in the prior year, indicating enhanced profitability [2]