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JD.com Announces Second Quarter 2018 Results
Beijing, ChinaAugust 16, 2018JD.com, Inc. (NASDAQ: JD), China’s leading technology driven e- commerce company and retail infrastructure service provider, today announced its unaudited financial results for the quarter ended June 30, 2018.
Second Quarter 2018 Highlights
Net revenues1 for the second quarter of 2018 were RMB122.3 billion (US$218.5 billion), an increase of 31.2% from the second quarter of 2017. Net service revenues for the second quarter of 2018 were RMB11.8 billion (US$1.8 billion), an increase of 51.0% from the second quarter of 2017.
Operating margin of JD Mall before unallocated items3 for the second quarter of 2018 was 1.1%, as compared to 0.8% for the same period last year.
Net loss from continuing operations attributable to ordinary shareholders for the second quarter of 2018 was RMB2,212.5 million (US$334.4 million), compared to RMB287.0 million for the same period last year. Non-GAAP net income from continuing operations attributable to ordinary shareholders4 for the second quarter of 2018 was RMB478.1 million (US$72.3 million), compared to RMB976.5 million for the same period last year.
Diluted EPS and Non-GAAP Diluted EPS. Diluted net loss per ADS from continuing operations for the second quarter of 2018 was RMB1.54 (US$0.23), compared to RMB0.20 for the second quarter of 2017. Non-GAAP diluted net income per ADS from continuing operations for the second quarter of 2018 was RMB0.33 (US$0.05), compared to RMB0.67 for the same quarter last year.
Annual active customer accounts increased by 21.5% to 313.8 million in the twelve months ended June 30, 2018 from 258.3 million in the twelve months ended June 30, 2017.
“As China’s most trusted e-commerce platform, JD continues to win over quality-focused customers with a premium shopping experience and an unrivaled level of service, no matter where they choose to shop,” said Richard Liu, Chairman and CEO of JD.com. “We are also seeing
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