China’s e-commerce giant’s revenue booms 44% | Retail News China
Home » News » Retailers News » Chinas E Commerce Giant Jd Coms Revenue Booms 44

China’s e-commerce giant’s revenue booms 44%


READ MORE ON Financial ReportJD.comRetailer News China

Richard Liu, Founder,

Image Courtesy:, leading Chinese e-commerce company, has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2016. The company noted net revenue of RMB 80.3 billion (US $ 111.6 billion) for the fourth quarter, noting an increase of 47 per cent as against corresponding period in 2015.

Revenues from services and others, mainly from the company’s e-commerce platform business, for the fourth quarter of 2016 were RMB 7.4 billion (US $ 1.1 billion), an increase of 58 per cent from the fourth quarter of 2015. Net revenues for the full year were RMB 260.2 billion (US $ 37.5 billion), an increase of 44 per cent from the full year of 2015.

Also ReadWalmart to launch its warehouse retail business on

Annual active customer accounts for increased by 46 per cent to 226.6 million in the twelve months ended December 31, 2016 from 155.0 million in 2015, excluding unique customers from

Commenting on overwhelming result, Richard Liu, Chief Executive Officer of said, “We are very pleased to see continued strong momentum across the board, further demonstrating that our vision of a high-quality e-commerce experience is winning the Chinese market,” adding, “Our robust growth reflects the appreciation among Chinese consumers for our commitment to authentic products and unparalleled service. As we look to the future, our focus on superior technology will be the key to further extending our industry leadership.”


Have some news? Let us know on

Comments are closed.

Recommended by Apparel Resources

Walmart India appoints Future Consumer’s Chawla as new COO

The American multinational retailing corporation, Walmart, has reportedly appointed Devendra Chawla as the new Chief Operating Officer (COO) for its India subsidiary. Devendra...

Fashion brand Uniqlo Defers India Entry

Bad news has come for those who have been eagerly waiting for Japan-based fast fashion brand Uniqlo’s India entry. The fashion retailer has...

Spanish fashion brands Springfield, Women’ secret debut in India

Bengaluru has become the first Indian city to house the stores of Spanish fashion brands, Springfield and Women’secret. The former is a youth-oriented...

Border Adjustment Tax: NRF shows concern for small retailers

National Retail Federation (NRF), the world’s largest retail trade association, is concerned over the future of Border Adjustment Tax (BAT) and its impact...

Kids fashion retailer Gymboree to shut 350 stores

Plunging sales and rising competition from online retailers have resulted in yet another fashion chain Gymboree Corporation to close its 350 stores, mainly...

Struggling Fashion Chain Store Twenty One to Shut 122 More Stores

UK-based fashion chain Store Twenty One, owned by Indian textiles company Alok Group, has gone into liquidation. It will shutter its remaining 122...

Walmart to invest Rs 900 cr to open 15 stores in Maharashtra

American retail giant, Walmart, has signed a Memorandum of Understanding (MoU) with the Maharashtra State Government for retail expansion in the state. Under...

Plus-size menswear fails to stir the market; womenswear succeeds

A recent report by a retail analytics firm, Edited, highlights the poor growth of plus-size menswear over the last 5 years. The report...

Another 43 Stores to be shut by Sears, Kmart

Unable to with stand the struggling retail market and the emergence of online retailers like Amazon, American department store chain, Sears Holdings Corporation,...

Now True Religion boards bankruptcy protection bandwagon

America’s iconic denim label, True Religion Apparel Inc., has become the latest fashion retailer to have filed for bankruptcy protection. The fashion brand...