中文 |

JD.com says Q3 profit more than quadruple

By : Xinhua | Published: 2017-November-14

[InKunming--China] JD.com, China's second largest e-commerce giant, said Monday its net profit more than quadrupled in the third quarter to a record high.

The net profit soared by 359 percent year on year to 2.2 billion yuan (about 330 million U.S. dollars) during July-September, according to its quarterly statement.

The company has reported six consecutive quarterly profit rises.

The company attributed its soaring growth to the use of smart chains and logistics technology which enables vendors to reach their target consumers precisely.

Its net income in the first three quarters had nearly reached that of the entire amount recorded in 2016.

Gross merchandise volume on the platform totaled nearly 900 billion yuan in the first nine months. During the recent Singles' Day shopping spree, the company received orders worth 127.1 billion yuan, an increase of 50 percent year on year.

The content (including but not limited to text, photo, multimedia information, etc) published on this site, with " InKunming" being given as the source, belongs to Kunming Information Hub Media Ltd. Reproduction in whole or in part without permission is prohibited.

Copyright © 2008 Kunming All rights reserved. Reproduction in whole or in part without permission is prohibited.E-mail: inkunmingkmxxg@hotmail.com