BEIJING, Aug 7 (Reuters) - JD.com Inc JD.O , China's second
largest e-commerce site by sales, reported a 61 percent
year-on-year rise in second quarter revenues, topping
expectations, powered by a jump in the number of shoppers and
goods bought on its platform.
JD.com's revenues of 45.9 billion yuan ($7.39
billion)exceeded estimates of 44.45 billion yuan, according to a
Thomson Reuters I/B/E/S poll of 14 analysts.
Shares in JD.com, a distant rival to Alibaba (NYSE:BABA) Group Holding
Ltd BABA.N , have risen 41.79 percent since the beginning of
the year.
($1 = 6.2087 Chinese yuan renminbi)