Business

China’s JD.com posts 22 percent rise in quarterly revenue

A JD.com driverless delivery robot is seen in front of parcels outside a JD.com logistics station at Renmin University of China a day after the Singles Day online shopping festival, in Beijing, China November 12, 2018. Liu Hongsheng/Qianlong.com via REUTERS

BEIJING (Reuters) – JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales.

The firm posted 134.83 billion yuan ($20.17 billion) total net revenue for the quarter ended Dec. 31 compared with a consensus estimate from analysts of 132.42 billion yuan, according to IBES data from Refinitiv.

JD posted a loss of 3.32 yuan per American depository share, compared with a loss of 0.64 yuan a year earlier.

Reporting by Cate Cadell and Munsif Vengattil; editing by Patrick Graham

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