BEIJING, Nov. 20 (Xinhua) – China's e-commerce giant JD.com saw net profits attributable to shareholders of common stocks under the Generally Accepted Accounting Principles (GAAP) hit 3 billion yuan (about 400 million U.S. dollars) in the third quarter of 2018, up 200 percent year on year and creating a new record in such profits of single quarter, according to the company's fiscal report.
Its core business Jingdong Mall's operating profit margin reached 2.2 percent, basically flat with its highest quarterly profit level.
In the third quarter, JD.com's Gross Merchandise Volume (GMV) increased 30 percent on year to 394.8 billion yuan with net income growing 25.1 percent on year to 104.8 billion yuan (about 15.3 billion U.S. dollars). Its net service income during this period amounted to 10.9 billion yuan (about 1.6 billion U.S. dollars), up 49.4 percent from the same period last year.
As of September 30 this year, the number of large warehouses run by JD.com reached 550, covering an area of 11.9 million square meters. Besides, the company's active users reached 305.2 million.
Unbounded retail has brought great benefits to the company. As new digital retail infrastructure continues to open to partners, large numbers of brands and merchants have settled in the company's platform, making open platform a new engine for growth, noted Xu Lei, the company's CMO. (Edited by Gu Shanshan)
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