According to JD’s official statement released on Monday, the company’s total net revenue hit RMB 170.7 billion ($24.51 billion) in the December quarter, which is a 26.6% rise year on year from RMB 134.8 billion the same period a year earlier. The highlighted finance performance has strengthened the confidence of investors, and resulted in the shares going up 12% by market close. The increase was attributed by the CEO Richard Liu to the market penetration to the lower-tier cities, however the operational cost also soared in line with the revenue growth.
