JD’s first quarter financial report sees an upturn in company’s overall performance
Posted On May 13, 2019
JD released its first quarter’s financial report last Friday, showcasing stronger-than-expected earnings and net revenues of RMB121.1 billion ($18.0 billion). The logistics arm made an RMB 4.3 billion loss in 2018, and it contributed little profits in the first quarter according to the latest report. However, it is JD’s major supporting force in relation to its core e-commerce business, JD.com, and by leveraging newly emerged technologies, the logistics team improves user experience and efficiency, looking to increase the gross margin from managing external orders.