JD.com's revenues jump 20.7% to $20.6B in Q1

Friday, 15. May 2020 12:05

JD.com Inc. said on Friday its revenues jumped 20.7% year on year to $20.6 billion in the first quarter of 2020. Net income attributable to ordinary shareholders amounted to $0.2 billion, while diluted earnings per share amounted to $0.10.

"We are proud that JD.com has been able to remain fully operational throughout the COVID-19 outbreak, and our employees are proud of the contributions JD continues to make towards building a more productive and sustainable society. Strong user growth during the first quarter reflects consumers’ increasing reliance on JD.com to support every aspect of their lives, and confidence in our commitment to providing a broad selection of quality products and best-in-class services," CEO Richard Liu said and added that throughout the COVID-19 outbreak, "JD has implemented disciplined financial control policies while providing undisrupted and timely services to consumers. We will continue to invest in technology and customer experience to support our future growth."

JD.com shares rose by 3.59% in premarket trading at 6:11 am ET.

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Breaking the News / TF