JD.com revenue surges on online order boom

Sales are booming at Chinese e-commerce giant JD.com.

Net revenue jumped 31% in the fourth quarter to over 34.5 billion dollars, beating forecasts.

While China has largely emerged from lockdowns, consumers seem to be sticking with the online habit.

The company has also been striving to expand into smaller and more price-sensitive cities.

That's to fend off competition from rivals like Alibaba and Pinduoduo.

But China has vowed to step up scrutiny of its big tech firms.

Officials cite concerns over excessive market power, the use of data, and violations of consumer rights.

Analysts say the long-term impact of that on JD.com is unclear, but a real threat.

In December regulators fined the company, and some rivals, for engaging in irregular pricing.