JD.com Announces 73% Increase in Revenues


WWD

BEIJING — JD.com Inc., a Chinese e-commerce company that is becoming a major rival to online retail giant Alibaba Group Holding Ltd., announced a 73 percent year-on-year increase in revenues for the fourth quarter through December, the company said on Tuesday.

Net revenues for the fourth quarter were $5.6 billion while the gross merchandise value of goods sold was $13.8 billion, a 119 percent increase compared to the third quarter of 2013, JD.com said in a statement. The company posted $18.5 billion in net revenues for 2014, a 66 percent increase from the full year of 2013.

JD.com said the sales uptick is attributable to a more streamlined experience for consumers shopping from JD.com via mobile devices. In particular, the company has focused on improving user experience on WeChat, a wildly popular mobile chat app, which is increasingly being used by companies in China as a marketing tool as well…

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