JD.com reported net revenues of RMB 60.7 billion (US$9.1 billion) and gross profit of RMB9.6 billion (US$1.4 billion) for Q3 2016.
Jingdong’s net revenues for Q3 2016 were RMB60.7 billion (US$9.1 billion), an increase of 38% from Q3 2015. Revenues from services and others, mainly from the company’s e-commerce platform business, for the Q3 2016 were RMB5.6 billion (US$0.8 billion), an increase of 60% from Q3 2015.
Gross profit for Q3 2016 was RMB9.6 billion (US$1.4 billion). Non-GAAP gross profit for Q3 2016 was RMB9.4 billion (US$1.4 billion), an increase of 59% from RMB5.9 billion in Q3 2015.
Jingdong’s GMV for Q3 2016 increased by 43% to RMB158.8 billion (US$23.8 billion) from the core GMV (excluding Paipai.com) of RMB111.0 billion in Q3 2015. GMV excluding virtual items for Q3 2016 totaled RMB155.6 billion (US$23.3 billion), up 47% from Q3 2015.
Annual active customer accounts increased by 57% to 198.7 million in the twelve months ended September 30, 2016 from 126.9 million in the twelve months ended September 30, 2015, excluding unique customers from Paipai.com.
Fulfilled orders excluding virtual items in Q3 2016 were 401.2 million, an increase of 55% from 258.1 million orders fulfilled for the core business excluding virtual items in the same period in 2015. Fulfilled orders placed through mobile accounted for approximately 79.7% of total orders fulfilled in the third quarter of 2016, an increase of more than 110% compared to the same period in 2015.
In the first nine months of 2016, JD Finance successfully sold over RMB8.0 billion of loans without recourse through six tranches of asset-backed securitization (ABS). JD.com and ZestFinance launched a joint venture, ZRobot in November 2016 with two products focusing on credit analysis and fraud detection for financial and non-financial institutions.
JD.com had approximately 110,000 merchants on its online marketplace and a total of 115,811 full-time employees as of September 30, 2016.
JD.com and ZestFinance launched a joint venture, ZRobot with two products focusing on credit analysis and fraud detection for financial and non-financial institutions.
In September, JD.com formed a strategic partnership with Toutiao, a leading Chinese online news and content distribution platform providing personalized content, to explore opportunities to develop targeted and personalized marketing campaigns leveraging Toutiao’s highly-regarded data mining capabilities.
In October, JD.com and Walmart announced the launch of a Sam’s Club Flagship Store exclusively on JD.com, the Walmart Global Flagship store on JD Worldwide and two-hour delivery service from Walmart Stores in select cities through the JD Daojia app.
Find out Alibaba’s performance in Q3 2016 here.