JD.com (JD) reported that its fourth-quarter loss To holders of of permanent equity securities widened to RMB 454.32 million from a loss of RMB 384.79 million, previous year. The company said the loss widened primarily due to amortization of intangible assets resulting from assets and business acquisitions related to the Tencent strategic partnership. Loss per share was RMB 0.17 compared to a loss of RMB 0.23. Loss per ADS was RMB 0.33 compared to a loss of RMB 0.45. Non-GAAP net income was RMB 83.83 million, and non GAAP profit per ADS was RMB 0.06, for the quarter.
Revenue increased 73% year-over-year to RMB 34.72 billion from RMB 20.12 billion. GMV was RMB 85.8 billion, an increase of 119% from previous year. company said the increases in GMV and net revenues were primarily due to the growth in quarterly active customer accounts to 54.7 million from 27.7 million, and the growth in the number of fulfilled orders to 217.8 million from 111.7 million.
Net revenues from online direct sales increased by 67%, while net revenues from services and others increased by 199%.
The company expects net revenues for the first quarter of 2015 to be between RMB 34.8 billion and RMB 35.8 billion, representing a growth rate between 54% and 58% compared with the first quarter of 2014.
For comments and feedback contact: editorial@rttnews.com
Business News