China’s JD.com Feels Pressure as Sales of Big Ticket Items Slow

A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2018 in Shanghai, China on June 14, 2018. Aly Song/ Reuters

BEIJING—Chinese e-commerce firm JD.com Inc’s shares came under further pressure on Nov. 19 after the company reported its slowest quarterly revenue growth since its initial public offering in 2014.

JD.com, which is backed by Walmart Inc, Alphabet Inc’s Google and China’s Tencent Holdings, has already lost nearly half of its market value this year as it fights intense competition for Chinese online consumers.