JD.com forecasts revenue above estimates on demand for daily essentials
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(Reuters) - China's JD.com Inc on Friday forecast second-quarter revenue above analysts' estimates after an upbeat quarter, riding on a surge in online orders of groceries and daily goods from consumers sheltering at home to prevent the spread of the coronavirus.The web retailer's strategy of holding inventory and having full control of its in-house delivery network helped it to compete with larger rival Alibaba Group Holding Ltd, which outsources its logistics operation to third-party..