Chinese e-commerce giant JD.com reports $12.6bn in revenue for Q3 after record sales for Singles Day

JD.com, China’s largest retailer and second biggest e-commerce company, has reported a 39% increase in revenues to RMB 83.7bn ($12.6bn) for the third quarter of 2017.
The results revealed JD.com posted net income of RMB 1bn ($200m), which is the company’s highest ever quarterly profit. Gross profit for the three months ending September 30 was RMB 13bn ($2bn), a 50% increase over Q3 2016.
JD.com’s annual active customer accounts increased 34% to 266.3 million from 198.