Net revenue jumped 31% in the fourth quarter to over $34.5 billion 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 pinned or Door.

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 dot com is unclear but a real threat.

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