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JD Q1 FY23:

Retail -2% Y/Y.
Logistics +34% Y/Y.
New businesses -40% Y/Y.
• Revenue +1% to $35.4B ($0.6B beat).
• Service revenue +34% to $6.9B.
• Operating margin 2.7% (+3.8pp Y/Y).
• Non-GAAP EPADS $0.69 ($0.19 beat).
JD Q1 FY23:
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