JD.com posts surprise 1.01b yuan profit in Q3
More than 90% of its revenue comes from direct online sales, unlike other platforms that act for merchants
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Beijing
JD.com Inc, the operator of China's second-biggest online mall, reported a surprise quarterly profit as investments in logistics and new arenas such as fashion attracted shoppers.
Net income was 1.01 billion yuan (S$207 million) in the three months ended September, the Beijing-based company said on Monday. That compares with the 114.1 million yuan loss expected by analysts. Sales for the quarter rose 39 per cent to 83.7 billion yuan, slightly above estimates.
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