Shares in JD traded up 9% in Hong Kong after the online retailer posted better-than-expected results for the second quarter, ending in June. US shares of the Chinese e-commerce giant closed 1% up in overnight trading. The company’s revenue increased 26.2% year on year to RMB 253 billion ($39 billion) in the reporting period. However, net income slumped to RMB 794 million, compared to RMB 16.4 billion for the same period last year, as expenses increased. [JD press release]