JD.com soars after reporting a surprise profit (JD)

Shares of JD.com rose as much as 8% in early trading on Tuesday after the company posted a surprising profit. Analysts had projected a quarterly loss.
The company also reported a 23% jump in revenue from the same period last year. 
The sales growth was driven by new brand partnerships and the success of its June 18 anniversary sales event. 
The Chinese e-commerce platform has struck a number of partnerships with luxury fashion houses such as Prada, Mulberry, and Giuseppe Zanotti.