JD.com Q2 financial report: Logistics is becoming a main force driving JD's overall revenue

JD.com, Inc. released its second quarter (Q2) financial report on August 16. It made revenues of RMB 122.3 billion (USD 18.5 billion) for the second quarter, increasing 31.2% year-on-year. The net profit from continuing operation attributable to equity shareholders was RMB 478.1 million (USD 72.3 million), declining 51.04% from the RMB 976.5 million in the same period last year. JD's core business, Jingdong Mall made a profit margin of 1.1% in the second quarter, compared with the 0.8% a year earlier. The net loss from continuing operation attributable to equity shareholders was RMB 2.2 billion (USD 334.4 million), compared with the RMB 287 million a year earlier.

Over the past 12 months as of June 30, 2018, JD.com had 313.8 million active users, increasing 21.5% from the 258.3 million active users in the previous 12 months ending June 30, 2017.

By June 30, 2018, JD operated 521 large warehouses covering a total area of approximately 11.6 million square meters in China.

Logistics is becoming a main force driving JD's overall income. JD's Q2 report shows net services revenues increased 51% year-on-year to RMB11.8 billion (USD1.8 billion). Revenue from logistics and other services surged 151% from a year earlier.

JD has kept increasing investments in research and development of technology. The company invested RMB 2.78 billion in technology in the second quarter, up 79.8% from the RMB 1.55 billion invested in the same period last year.

------------------------------------

The Chinese version article is published with authorization from the author @Xie Kangyu. The English version is edited by @Yi LIU (Email: yiliu@tmtpost.com; Mobile/WeChat: +86 13911703028). Please note source and hyperlink when reproduce.

Follow us now on Twitter @tmtpostenglish, Medium @TMTpost and Facebook @tmtpost)