JD.com Posts Surprise Profit as New Products Draw Shoppers
A customer stands for a facial recognition device while scanning his smartphone at an entrance to a JD.com Inc. Unmanned Convenience Store inside the company's headquarters in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
JD.com Inc., the operator of China’s second-biggest online mall, reported a surprise quarterly profit as investments in logistics and new arenas such as fashion attracted shoppers.
Net income was 1.01 billion yuan ($152 million) in the three months ended September, the Beijing-based company said Monday. That compares with the 114.1 million yuan loss expected by analysts. Sales for the quarter rose 39 percent to 83.7 billion yuan, slightly above estimates.