JD.com Inc. (NASDAQ:JD), China's largest retailer, recorded a RMB496.4mln (US$73.2mln) net loss in the second quarter to end June, wider than the RMB252.3mln loss in the corresponding quarter of last year.
The Nasdaq-listed company said net revenues in the second quarter were RMB93.2bn(US$213.7bn), an increase of 43.6% from the second quarter of 2016.
It added that net revenues for the third quarter of 2017 are expected to be between RMB81.8bn and RMB84.2bn, representing growth of between 36% and 40% compared with the third quarter of 2016.
Richard Liu, Chairman and CEO of JD.com. said: “JD’s growing strength as China’s largest retailer continues to position us to capture new and expanding market opportunities.”
“As we broaden our range of offerings, including a rapidly growing roster of top international brands, our customer base continues to expand, with female shoppers becoming an increasingly active user base. Looking forward, as JD’s smart technologies and big data help us revolutionize the online shopping experience, our ‘retail as a service’ initiative will further extend the capabilities of our platform to partners throughout China.”
In pre-market in New York trading, JD.com shares were down 0.4% at US$45.90.