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.

REUTERS

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes