Chinese e-commerce giant JD.com (Nasdaq: JD) posted third-quarter revenue of 174.2 billion yuan, topping market expectations of 170.49 billion yuan ($26.47 billion) and up 29.2 percent from the same period last year, the company reported today.
JD.com's third-quarter adjusted earnings per ADS were RMB 3.42, topping analyst estimates of RMB 2.72.
JD.com's third-quarter Non-GAAP net income attributable to ordinary shareholders increased 80.1 percent to RMB 5.6 billion from RMBย ย 3.1 billion in the year-ago quarter.
As of September 30, 2020, JD.com had 441.6 million active purchased users over the past 12 months, an increase of 32.1% from the same period last year.
As of October, the number of JD.com PLUS members has exceeded 20 million.
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JD.com Group's net income from the sale of general merchandise was RMB58.1 billion, up 34.8% year-on-year.
As of September 30, 2020, the number of employees in the JD.com system of listed and unlisted companies has exceeded 320,000, with a net increase of 60,000 employees since the epidemic this year alone.
As of September 30, 2020, JD.com Logistics operated over 800 warehouses. Including the cloud warehouse space managed by JD.com Logistics, the total area of JD.com Logistics warehouses is about 20 million square meters.
In the third quarter of this year, the JD.com Group's inventory turnaround days have been further reduced to 34 days, the best level since the company's IPO.
JD.com's retail revenue for the third quarter was 163.3 billion yuan, compared with 128.67 billion yuan in the same period last year, up 26.91 percent year-on-year.
JD.com shares were down 2% in pre-market trading.
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