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China's second-largest electronics company, Jingdong (JD.O), said Tuesday its third-quarter revenue rose 38%, slightly above analysts' estimates.

The company also expects the fourth quarter is expected to end the recent slow growth trend. Encouraged by the performance and outlook, Jingdong shares closed up 11.39% on Tuesday, reported 26.41 US dollars.

Jingdong said it would restructure the financial sector, no longer holding shares. Jingdong shares fell 26.5% this year, while the larger rival Alibaba (BABA.N) rose 10.5% over the same period.

Jingdong said revenue for the third quarter ended September was 60.7 billion yuan ($ 8.9 billion), slightly higher than analysts' average estimate of 60.2 billion yuan, the estimate from Thomson Reuters on the 15 analysis Division.

Jingdong in August estimated revenue in the third quarter of 590-610 billion yuan, the market worried about China's online retail industry tends to saturation, and may suffer the impact of economic slowdown.

The company's third quarter net loss of 539.9 million yuan from the same period last year, expanded to 807.9 million.

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