Business / Companies Q3 revenue surges

(Xinhua) Updated: 2015-11-17 10:24 Q3 revenue surges

A mobile phone user uses the mobile app of Chinese online retailer on his smartphone in Zhengzhou city, Central China's Henan province, Oct 3, 2015. [Photo/IC]

BEIJING - Chinese online retailer on monday posted 44.1 billion yuan ($6.9 billion) in net revenue for the quarter ending september, up 52 percent year on year.

The company's Q3 report showed a year-on-year increase of 71 percent in gross merchandise volume (GMV), which totaled 115 billion yuan.

Active accounts in the period grew 59 percent to 131.9 million. These accounts placed 329.7 million orders, an increase of 85 percent from the previous year.

Fifty-two percent of orders were done via mobile devices, surging 210 percent year on year.

JD CEO Liu Qiangdong said the increase in revenue was partly due to an increase in the number of people buying online thanks to WeChat and QQ marketing. Both are instant messaging apps under Tencent.

JD expects revenue growth to moderate between 47-51 percent in the fourth quarter.

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