You are here 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

The result is a boon for, which is rapidly broadening its portfolio beyond its traditional strength in consumer electronics as it pursues an asset-heavy vision for online retail.

Beijing 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)...

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