Profits rocket at JD.com

Chinese online giant JD.com has reported that its net revenues were up by 39.2% in Q3 of this financial year to $12.6 billion. Meanwhile its profits did even better, with a 50.2% increase to $2.0 billion.

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.”
 
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