The Chinese e-commerce company has reported that their online sales have remained strong despite the Coronavirus pandemic.
JD.com has recorded better than expected results for the third quarter with net revenue of $25.7bn, an increase of 29.2 per cent from the same period last year. Sales in JD.com’s product segment, which includes online retail sales, rose 27 per cent to $22.99bn in the quarter.
Richard Liu, Chairman and Chief Executive Officer of JD.com commented: “Today, as China emerges from the pandemic, we are glad to see that our business partners are recovering rapidly with the support of our online and offline supply chain infrastructure. And our consumer mindshare continues to expand with over 100 million new active users joining our platform compared to a year ago.”
Sandy Xu, Chief Financial Officer, added: “We are pleased to set new records across many of our financial and operating metrics this quarter. We delivered robust topline growth across all of our product lines as well as record profitability driven by improved operating efficiency and the realisation of scale benefits.”
