Jingdong's third quarter net income increased by 29.2% year-on-year

Guangzhou Daily News (All Media Reporter Ni Ming) On November 16, Beijing time, Jingdong Group announced its 2020 third quarter results.

The report shows that in the third quarter of 2020, Jingdong Group achieved net income of 174.2 billion yuan (approximately US$25.7 billion), a year-on-year increase of 29.2%, exceeding market expectations; as of September 30, 2020, Jingdong The number of active purchase users in the past 12 months reached 441.6 million, a year-on-year increase of 32.1%, and the growth rate hit a new high in the past three years, with a net increase of more than 100 million active users in a year.

In the Hong Kong stock market yesterday, Jingdong Group closed up 5.63% to 368 Hong Kong dollars, a record high during the session.

In the past year, nearly 80% of JD’s net increase of more than 100 million active users came from sinking emerging markets, that is, sinking emerging markets contributed 80 million active users, which means JD’s “systematic sinking" strategy has achieved initial results. Statistics show that in the first quarter of 2020, JD’s users in sinking emerging markets accounted for more than 60%.

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