China's JD.com posts 62% rise in quarterly revenue

[SHANGHAI] JD.com Inc, China's No.2 e-commerce company, reported a 62 per cent rise in quarterly revenue, topping expectations, as the number of active customer accounts across its sites nearly doubled from a year ago.

JD.com's revenues of 36.6 billion yuan (S$7.9 billion) exceeded analyst estimates of 35.65 billion yuan, according to Thomson Reuters.

JD.com, a distant rival to Alibaba Group Holding Ltd, also announced its participation in a US$500 million investment in Tuniu Corp.

REUTERS