Nov 18 Reuters Ecommerce firm JD.com Inc, posted an 11.4 rise in thirdquarter revenue on Friday, beating analysts39; estimates as COVID19 lockdowns in China led more consumers to shop online.

U.S.listed shares in JD.com rose more than 3 in trading before the bell.

Chinese retail spending has sagged this year, with consumers frustrated by the government39;s strict zeroCOVID policy that has led to frequent snap lockdowns and hurt economic activity.

The country earlier this month relaxed COVID19 prevention rules, reducing the quarantine period for incoming travelers to 8 from 10 days, while the circuit breaker for inbound flights was canceled.

JD.com chief executive Xu Lei said on a call with analysts on Friday that the company has seen signs of consumption recovery, helped by the new rules.

The worst moment is basically over, he said.

Some product categories affected by the pandemic, including cosmetics and smartphones, have seen an improvement in sales recently, he said.

Research house TH Data Capital noted in a report that sales growth at JD.com in September was better than that in July and August, driven mainly by consumer electronics, home appliance and FMCG.

Lockdowns have seriously disrupted transport, but JD.com39;s focus on building its logistics network has helped it deal with bottlenecks, it said.

Revenue grew to 243.5 billion yuan 34.21 billion in the three months ended Sept. 30, compared with a Refinitiv consensus estimate from 22 analysts of 242.81…