BUSINESS JD.com's net revenue up 33.8% in Q2

BUSINESS

JD.com's net revenue up 33.8% in Q2

Xinhua

20:53, August 18, 2020

A JD.com sign is seen at the World Internet Conference in Wuzhen, Zhejiang province on Oct 20, 2019. [Photo/Agencies]

BEIJING - Chinese online retail giant JD.com saw a soaring net revenue of 201.1 billion yuan ($28.73 billion) in the second quarter, up 33.8 percent year-on-year.

Net income attributable to ordinary shareholders for the second quarter stood at 16.4 billion yuan, compared to 600 million yuan for the same period last year.

As of June, JD.com had 417.4 million active buyers over the previous 12 months, up 29.9 percent year-on-year, the company announced in its financial report Monday.

"Since the COVID-19 outbreak, JD has steadfastly leveraged its distinctive supply chain and technology capabilities to contribute to society and ensure the steady supply and undisrupted delivery of daily necessities to consumers, while helping to create jobs within our ecosystem and support business partners amidst the dynamic economic environment," said Richard Liu, chairman and chief executive officer of JD.com.

"Our strong financial and operating performance form the basis for JD's continued investment in innovative supply chain capabilities and a superior customer experience to support our long-term growth," said Sandy Xu, chief financial officer of JD.com.

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