Joybuy owner JD.com suffers first sales fall in over a decade while shares tumble

JD.com has posted its first quarterly revenue decline since its 2014 stock market debut, sending shares in the Chinese ecommerce company tumbling.
The owner of fledgling UK marketplace Joybuy saw second-quarter revenue fall 2.9 per cent year on year to £38bn, although sales still came in ahead of analyst expectations.
JD.com’s Hong Kong-listed shares dropped more than 10 per cent on Friday following the update, after its Nasdaq-listed stock fell seven per cent on Thursday.
The slowdo