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JD.com Posts Wider-Than-Expected Loss on Logistics Spending

  • Chinese e-commerce operator spending on marketing, retail
  • In ‘very early stage of a very long-term growth trajectory’
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JD.com Inc. reported a bigger-than-expected loss and predicted slow profit margin growth in 2018 as China’s second-largest e-commerce operator bets on building logistics infrastructure, expands into retail stores and ramps up its marketing spending.

JD’s net loss was 909.2 million yuan ($143 million) in the three months ended December, the Beijing-based company said in a statement Friday. That compares with the 522 million-yuan loss expected by analysts. Sales were 110.2 billion yuan, beating projections of 109 billion yuan.