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Chinese e-commerce firm JD.com's revenue jumps 47%
[BENGALURU] JD.com Inc, China's second biggest e-commerce company after Alibaba Group Holding Ltd , said on Thursday fourth-quarter revenue jumped 47 per cent, exceeding the company's expectations.
Revenue for the quarter ended Dec 31 was 80.3 billion yuan (S$16.443 billion), beating the company's forecast of 75 billion yuan to 77.5 billion yuan.
JD.com's net loss fell to 1.67 billion yuan, from 7.63 billion yuan a year earlier.
That translates to a net loss of 1.26 yuan per American depository share, compared to a loss of 5.57 yuan a year earlier.
JD.com also said it would dispose of its equity stake in JD Finance, which runs the company's internet finance business.