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

Fri Aug 7, 2015 6:23am EDT
 
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BEIJING Aug 7 (Reuters) - JD.com 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.

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 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)