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JD.com posts first quarterly profit since listing
It reports net profit of 355.7m yuan for the first quarter, compared with a loss of 867.3m yuan previously
Add BT as a preferred sourcePublished Tue, May 9, 2017 · 09:50 PM
Beijing
JD.com Inc logged the first profit since its 2014 listing as an expanded product line-up lured more active users, but China's second largest e-commerce company cautioned that the cost of expanding at home and abroad could crimp future income growth.
Diversifying into data, cloud and artificial intelligence services amid fierce competition in China and Southeast Asia, JD has separated its logistics unit, made new investments overseas and laid out plans to spin off its financial unit this year.
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