China's posts 61 pct rise in quarterly revenues, topping estimates

Fri Aug 7, 2015 6:23am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

BEIJING Aug 7 (Reuters) - Inc, 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.'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, a distant rival to Alibaba Group Holding Ltd, have risen 41.79 percent since the beginning of the year. ($1 = 6.2087 Chinese yuan renminbi) (Reporting by Paul Carsten; Editing by Miral Fahmy and Sunil Nair)