Alibaba competitor JD.com 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%.
JD.com recently announced that it will terminate its Paipai.com, a former competitor of Taobao, from the end of this year due to its inability to eliminate fake products on the platform.
Not including Paipai.com, JD’s GMV increased by 76% year-on-year to RMB 111.0 billion.
