JD Logistics turns profitable

Company says orders from third-party seller platforms show rapid growth

JD Logistics, the logistics arm of the country's second-largest e-commerce player JD, said that it has achieved an annual revenue of 30 billion yuan ($4.5 billion) and looks set to scale it up to 100 billion yuan in the next five years, with orders from third-party trading platforms accounting for nearly 50 percent of the revenue.

"JD Logistics has been profitable. The orders from third-party seller platforms and outside partners have witnessed rapid growth, which surpassed the growth rate of JD's self-owned orders," said Wang Zhenhui, CEO of JD Logistics.