E-commerce firm JD.com beats second-quarter estimates, adds record new users amid regulatory tightening
- Revenue at JD.com rose to US$39.14 billion in the quarter ended June 30, up about 26 per cent from a year earlier
- The company’s annual active customers reached 531.9 million in the second quarter, a 27.4 per cent increase from the same period last year
Net revenue at JD.com rose to 253.8 billion yuan (US$39.14 billion) in the quarter ended June 30, up about 26 per cent from a year earlier. Analysts had expected revenue of 249.27 billion yuan, according to IBES data from Refinitiv.
Net profit fell to 794.3 million yuan, down from 16.4 billion yuan a year earlier.
JD.com’s annual active customer accounts jumped to 531.9 million, a 27.4 per cent increase from the same period last year. In the quarter, JD.com added 32 million new users – a company record – following a strong showing at its annual shopping festival in June.
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Sales in JD.com’s product segment, which consists of revenue from e-commerce customer purchases, rose to 219.69 billion yuan, up more than 23 per cent from a year earlier.