JD.com's second-quarter revenue reached 253.8 billion yuan- PingWest

JD.com's second-quarter revenue reached 253.8 billion yuan- PingWest

JD.com's second-quarter revenue reached 253.8 billion yuan

August 24, 2021 5:36 am

Chinese online retail giant JD.com announced its second-quarter revenue, reaching 253.8 billion yuan ($39.3 billion), an increase of 26.2% over the same period last year.

Details: Its income from operations for the second quarter of 2021 was 300.8 million yuan, compared with 5 billion yuan in the same period last year.

Sales beat estimates after JD.com boosted total transaction volumes for its annual 6.18 shopping festival by 28%, helped in part by the double-digit rebound in retail spending in its home market during the June quarter. 

Research and development expenses came up to 3.7 billion yuan for the second quarter, as compared to 3.6 billion yuan for the second quarter of 2020.

Annual active customer accounts increased by 27.4% to 531.9 million in the twelve months ended June 30, 2021 from 417.4 million in the twelve months ended June 30, 2020.

In addition, as of June 30, JD Logistics, the company's logistics arm, operated approximately 1,200 warehouses, which cover an aggregate gross floor area of approximately 23 million square meters, including warehouse space for cloud warehouses managed under the JD Logistics Open Warehouse Platform.

Richard Liu, JD.com's chairman and CEO, said that with hundreds of thousands of full-time employees and its next-generation smart supply chain and infrastructure network, JD.com has become a new type of real-economy-based enterprise supporting China's development for the long term.

Context: Faced with increasingly stringent scrutiny and competition, the firm is stepping up investments in areas including online groceries and social commerce as well as infrastructure. The New York-listed e-commerce giant spun off its logistics arms and listed it in Hong Kong in May.

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