Profits and revenue up at JD.com
Chinese online retailer JD.com has reported net revenues of RMB83.7bn (US$12.6bn), for the third quarter (Q3) of 2017, which was 39.2% up on last year.
Gross profit for the quarter was up 50.2% to RMB13.0bn (US$2.0bn).
In a statement issued yesterday (13 November), Richard Liu, Chairman and CEO of JD.com, said: “We are achieving our mission of bringing China’s consumers the widest selection of top brands and, by far, the highest quality e-commerce experience.
“We are also building robust product content and enhancing user engagement, as our innovative tools enable brands to execute highly targeted online marketing programs. We look forward to helping more and more merchants and partners leverage JD’s leading open infrastructure to drive efficiency and grow sales.”
