JD.com Shares Rise

Published on: 13 Nov, 2017

JD.com (NASDAQ: JD) reported their highest ever quarterly profit of $151 million which is far above analyst forecast of a 213 million yuan loss. This marks a 39% rise in revenue which boosted the firm’s shares compared to a 807.9 million yuan loss in the third quarter last year. The company lost about 100 merchants due to competition during the promotion period for China’s biggest online sales event, “Singles’ Day” which ended on Saturday.

Even though JD expected apparel growth to remain consistent for the next two quarters, many brands left the platform and were all major Chinese clothing brands. The company accused their main rival, Alibaba, of engaging in coercive tactics that forced merchants to choose between the two online platforms.

JD.com gained $19 billion in total sales from the Singles’ Day festival while Alibaba reported over $25 billion in revenue. Third quarter revenue for JD reported at 83.8 billion yuan which topped a little over analysts’ prediction of 83.6 billion. However, gross merchandise volume growth still fell to the lowest rate in a year. The company predicts December quarter ending revenue to reach 107-110 billion yuan, an increase of 35%-39%.


  • 250Views
  • 1Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Ariana Cheong

Email: ariana@financialinsiders.com


Sign Up for Weekly Updates

Related Posts

03 Jul, 2017 307
02 Aug, 2017 893
10 Aug, 2017 634
22 Aug, 2017 308



Mar 01, 2018 at 03 08 am

This condition is very tied to the reproductive system and could have several causes like a results of injury or abnormal blood flow inside the testicles. Use these circumspectly however, since they may lower blood glucose levels, that is an undesirable effect that face men whose blood sugar levels are properly balanced.