China's JD.com's first-quarter revenue beat Wall Street estimates on Wednesday, as growth remained robust in the domestic e-commerce sector amid the waning COVID-19 pandemic in China.

The Beijing-based company has joined rivals Pinduoduo and Alibaba Group in racking up double-digit sales growth during the pandemic, as people flocked to e-commerce websites to shop for everything from groceries to luxury goods.

Net revenue at JD.com, China's largest e-commerce company by revenue, rose 39 percent to 203.2 billion yuan ($31.57 billion) in the first quarter, topping analysts' average estimates of 191.83 billion yuan, according to IBES data from Refinitiv.

Sales in its product segment, which includes online retail sales, rose nearly 35 percent to 175.28 billion yuan in the quarter.

Excluding items, JD.com posted a profit of 2.47 yuan per American depository share, compared with analysts' expectations of 2.26 yuan.

Popular brands like Starbucks and sports-retailer Decathlon, along with luxury fashion brands such as Marni and John Lobb, launched flagship stores during the same quarter on JD.com's e-commerce platform, which, along with those of rivals, have seen strong demand during the height and low point of the pandemic in China.

Meanwhile, the company's logistics division is set to raise up to $3.4 billion in an upcoming Hong Kong IPO.

(With input from Reuters)