JD.com reports 58% revenue growth
Updated : 2016-03-02
( Xinhua )
( Xinhua )
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Employees work at a JD.com logistic centre in Langfang, Hebei province, November 10, 2015.[Photo/Agencies] |
The company's total revenue was 181.3 billion yuan ($27.8 billion) last year, while net losses ballooned from five billion yuan in 2014 to 9.4 billion yuan ($1.4 billion) in 2015, it said in financial results published on Tuesday.
The total value of merchandise transactions on JD.com was 462.7 billion yuan, up 78 percent. In 2015, JD had 155 million active users, a year-on-year growth of 71 percent.
JD.com's net loss was mainly made in the fourth quarter, when it shut down Paipai.com, its online customer-to-customer (C2C) marketplace that was rife with fake goods.
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