Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
AI Keeps China, U.S. From Decoupling Despite Trade Tensions, Insiders Say
Wingtech Demands Return of Nexperia Control After Dutch Freeze Pause
Intel Pivots to Custom Chips to Tap China’s Trillion-Yuan Computing Markets
Geely Leads $141 Million Round for Tsinghua-Linked Robotics Startup
China’s Giant Neutrino Detector Delivers First Results With Record Precision
China Unicom Taps Veteran Executive as Chairman to Navigate Telecom Transition
Chinese Self-Driving Firms Accelerate Into Middle East, Southeast Asia
Baidu Posts Record Revenue Decline as Ad Business Falters
Xiaomi’s EV, AI Units Post First Quarterly Profit
China’s Agricultural Drone Makers Pivot to Smarter Navigation as Size Race Ends
Alibaba Renames AI App to Stand Out in China’s Crowded Chatbot Market
Investors Flock to Chinese eVTOLs Chasing Regulatory Green Lights
Nexperia Headquarters Rachets Up Feud With China Unit With Salvo of Accusations
Robot-Maker Unitree Steps Closer to China IPO
Tencent Says Talks With Apple on WeChat Game Fees Are Advancing
Baidu Unveils Ambitious AI Chip Roadmap, Targeting 1 Million-Card Cluster by 2030
Tencent’s Profit Rises 19% on Overseas Gaming and AI-Powered Ad Surge
Caixin Summit: Design, Commercialization Key to China’s Low-Altitude Economy Taking Off, Industry Insider Says
China’s Robotics Revenue Soars as Industry Races to Crack Embodied AI
U.S. Formally Suspends Sweeping Export Control Rule for One Year After China Trade Talks
JD.com Beats Estimates With 28% Revenue Growth in 3rd Quarter

By Han Wei / Nov 16, 2019 04:12 AM / Business & Tech

Photo: VCG

Photo: VCG

Chinese e-commerce giant JD.com reported 28% growth in third-quarter revenue to 134.8 billion yuan ($19.27 billion), beating analysts’ estimates of 128.6 billion yuan.

Non-GAAP net income attributable to ordinary shareholders rose 160.6% to 3.1 billion yuan in the quarter from 1.2 billion yuan a year ago, according to the unaudited financial report released Friday.

The upbeat results were marked by accelerating revenue growth and record operating profit margin, said Sidney Huang, chief financial officer of JD.com.

“Looking forward, we will increasingly benefit from the economies of scale inherent in JD’s unique business model through our leading supply chain, technology and service capabilities,” Huang said.

“We will continue to invest in technology and innovation to meet the growing needs of Chinese consumers and businesses for fast and reliable e-commerce and supply chain solutions,” said Richard Liu, chairman and chief executive officer.

JD.com had 334.4 million annual active customers at the end of September, up 4% from 321.3 million as of June 30, the company said.

JD.com’s Nasdaq-listed shares rose nearly 6.5% in pre-market trading following the report.

Share this article
Open WeChat and scan the QR code