JD.com reports 40% increase in annual revenues

China-base online retailer JD.com has reported net revenues of RMB362.3bn ($55.7bn) for 2017, an increase of 40.3% from the previous year.

Gross profit for the year was up 43.7% at RMB50.8bn ($7.8bn).

In a statement issued on Friday (2 March), Richard Liu, Chairman and CEO of JD.com, said: “Our unmatched online shopping experience continued to reshape Chinese e-commerce, win over consumers and drive robust growth in 2017.

“As we implement our vision of ‘boundaryless retail,’ we are working with top industry players to build China’s most advanced and comprehensive retail ecosystem to reach consumers wherever and whenever they shop. Looking ahead, we will remain focused on using technology, AI and big-data to revolutionize e-commerce while leveraging JD’s established infrastructure to empower our partners.”