Jingdong (JD.com) net revenues for the second quarter of 2017 were 93.2 billion yuan (US$213.7 billion), an increase of 43.6% from the second quarter of 2016.
Net loss from continuing operations attributable to ordinary shareholders for the second quarter of 2017 was 287.0 million yuan (US$42.3 million), compared to net income from continuing operations attributable to ordinary shareholders of 127.6 million yuan for the same period last year.
Non-GAAP net income from continuing operations attributable to ordinary shareholders for the second quarter of 2017 was 976.5 million yuan (US$144.1 million), as compared to 612.6 million yuan in the second quarter of 2016.
JD’s GMV for Q2 2017 increased by 46% to 234.8 billion yuan (US$34.6 billion) from 160.4 billion yuan in Q2 2016. Fulfilled orders in Q2 2017 were 591.2 million, an increase of 41% from 418.9 million in the same period in 2016. Fulfilled orders placed through mobile accounted for approximately 80% of total orders fulfilled in Q2 2017, an increase of 42% compared to the same period in 2016.
Its annual active customer accounts increased by 37% to 258.3 million in the twelve months ended June 30, 2017 from 188.1 million in the twelve months ended June 30, 2016. As of June 30, 2017, JD.com operated 335 warehouses covering an aggregate gross floor area of approximately 7.1 million square meters in China.
JD.com had approximately 130,000 merchants on its online marketplace, and a total of 125,835 full-time employees
JD further expanded its product offerings in Q2 2017 through cooperation with multiple international brands, including Swiss luxury watch brand Zenith, Austrian brand Swarovski, leading Italian furniture designer Kartell, a world-leading producer of ophthalmic lenses Essilor, as well as Casio, MAMMUT, Juicy Couture and Armani.
In April, JD Worldwide launched its JD (x) program to partner with leading global fashion brands such as Chiara Ferragni, Jay Ahr, Haculla, and McQ to design clothing lines that combine premium quality and unique fashion tailored towards JD customers. JD will continue to add internationally known brands to join the JD (x) program to further expand the range of unique and exciting fashion products available to Chinese consumers.
In June 2017, French luxury hair care brand Rene Furterer opened its flagship store on JD. Petit Bateau, a more than one hundred-year-old French clothing brand for children and Merida, a Taiwan-based brand of professional bicycles, also joined the platform in July.
JD and Farfetch announced a strategic partnership for luxury e-commerce in China. The partnership leverages JD’s unparalleled logistics, Internet finance and technology capabilities, and social media resources, with Farfetch’s leadership in global luxury, to offer Chinese consumers a seamless brand experience.
In July, JD and Walmart expanded their cooperation to further integrate their platforms and customer resources in China. Coinciding with the launch of the first Walmart-JD Omni-channel Shopping Festival on August 8, the new initiatives aim to offer shoppers throughout China faster and more convenient access to high-quality products through multiple channels. Walmart China and Sam’s Club US also launched flagship stores on JD.com and JD Worldwide, respectively, during the quarter.
In August, JD and Baidu launched a strategic partnership leveraging both companies’ powerful data resources, user bases and AI algorithm technology to give consumers and advertisers a more tailored and rewarding e-commerce experience. As part of the partnership, Mobile Baidu, Baidu’s flagship mobile search app, will provide JD with level-one access points to the hundreds of millions of mobile Baidu users in China.