JD.com Reports Best Quarter Ever
Online retailer JD.com Inc. has reported its best ever quarterly results, even as it struggles to hold on to merchants that it claims are getting strong-armed by a rival e-commerce company.
JD.com reported a net profit of 1 billion yuan ($200 million), its highest ever for a single quarter, marking a turnaround from the 500 million yuan net loss that it reported for the same period last year. Its quarterly revenue rose 39% year-on-year to 83.7 billion yuan.
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