JD.com, Inc. released its second quarter (Q2) financial report on August 16. It made revenues of RMB 122.3 billion (USD 18.5 billion) for the second quarter, increasing 31.2% year-on-year. The net profit from continuing operation attributable to equity shareholders was RMB 478.1 million (USD 72.3 million), declining 51.04% from the RMB 976.5 million in the same period last year. JD's core business, Jingdong Mall made a profit margin of 1.1% in the second quarter, compared with the 0.8% a year earlier. The net loss from continuing operation attributable to equity shareholders was RMB 2.2 billion (USD 334.4 million), compared with the RMB 287 million a year earlier.
Over the past 12 months as of June 30, 2018, JD.com had 313.8 million active users, increasing 21.5% from the 258.3 million active users in the previous 12 months ending June 30, 2017.
By June 30, 2018, JD operated 521 large warehouses covering a total area of approximately 11.6 million square meters in China.
Logistics is becoming a main force driving JD's overall income. JD's Q2 report shows net services revenues increased 51% year-on-year to RMB11.8 billion (USD1.8 billion). Revenue from logistics and other services surged 151% from a year earlier.
JD has kept increasing investments in research and development of technology. The company invested RMB 2.78 billion in technology in the second quarter, up 79.8% from the RMB 1.55 billion invested in the same period last year.
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