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BUSINESS & TECH

JD.com Reports Best Quarter Ever

In the wake of the strong quarterly results, JD.com's Nasdaq-listed shares were up by as much as 6.66% in the first five minutes of trading. Photo: Visual China
In the wake of the strong quarterly results, JD.com's Nasdaq-listed shares were up by as much as 6.66% in the first five minutes of trading. Photo: Visual China

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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