China's beats estimates, adds record new users amid regulatory scrutiny

FILE PHOTO: A logo of is seen on a helmet of a delivery man in Beijing, China June 16, 2014. REUTERS/Jason Lee/File Photo Photo by Reuters

Chinese e-commerce giant Inc on Monday told investors they do not expect any business impact from a wave of regulations hitting Chinese industry, after beating analysts’ expectations for the quarter through June.

“Undoubtedly, we believe that the introduction of regulatory policies on the internet industry recently is a good thing for the long term and healthy development of industries,” said Xu Lei, chief executive of JD Retail, the company’s main e-commerce division, on an earnings call.

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