China’s JD.com reported a 43.6% revenue increase for Q2

Almaty. August 15. Silkroadnews – China’s JD.com reported a 43.6% revenue increase for Q2, China.org.cn portal wrote.
“China’s second biggest e-commerce player, JD.com Inc, reported its net revenues for the second quarter reached 93.2 billion yuan ($13.7 billion), an increase of 43.6 percent from the second quarter of last year”, the report said.
The total sales for the second quarter of 2017 increased by 46% from 160.4 billion yuan for the same period of last year and amounted to 234.8 billion yuan. The number of active customer accounts grew 37% to 258.3 million for the 12 months ended on June 30, 2017. The number of fulfilled orders reached 591.2 million, an increase of 41% from 418.9 million compared to the same period of 2016.
In the opinion of JD.com CEO Richard Liu, the increase in sales is facilitated by the offering range broadening.
“As we broaden our range of offerings, including a rapidly growing roster of top international brands, our customer base continues to expand, with female shoppers becoming an increasingly active user base”, R. Liu is quoted saying.
It is reported that in the second quarter of the year JD also expanded its product range through cooperation with several international brands, including the Swiss luxury watch brand Zenith, Austrian brand Swarovski and Italian furniture designer Kartell.
In June JD and Farfetch announced a strategic partnership in the area of electronic sales of luxury goods in China. The partnership uses JD’s logistics, internet finance and technology capabilities, and social networking resources, as well as Farfetch’s leadership in global luxury.
As of June 30, the giant of e-commerce operated 335 warehouses with a total area of about 7.1 million square meters in China.