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Alibaba rival sees net loss of US$83.5 million in Q3

Alibaba competitor has released its 3rd quarter finance report. Its GMV for the third quarter of 2015 was RMB 115.0 billion (USD 218.1 billion), an increase of 71% compared with the third quarter of 2014.

JD’s net revenue totalled RMB 44.1 billion (USD 6.9 billion), a year-on-year increase of 52%. Its net loss attributable to ordinary shareholders for the third quarter of 2015 was RMB 530.8 million with a net margin of -1.2%. Notably, orders fulfilled through mobile devices saw a year-on-year increase of 210%. recently announced that it will terminate its, a former competitor of Taobao, from the end of this year due to its inability to eliminate fake products on the platform.

Not including, JD’s GMV increased by 76% year-on-year to RMB 111.0 billion.


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