JD.com saw a jump in its second-quarter revenue Thursday, as the Chinese retail giant saw increasing user traffic despite fierce competition in the country鈥檚 e-commerce and food delivery sectors.
JD.com achieved net revenue of 356.7 billion yuan ($49.8 billion) in the three-month period ending June 30, up 22.4 per cent on-year, according to results published to the Hong Kong Stock Exchange.
Net income, however, came in at 6.2 billion yuan for the quarter, down from 12.6 billion yuan during the same period last year.
In recent years, the Beijing-based shopping platform has faced pressure from a persistent domestic consumption slump and increased competition with its primary rival, Alibaba.
In the second quarter, JD.com saw 鈥榮ustained momentum鈥� across its core retail business as well as its food delivery service, said JD.com CEO Sandy Xu.
鈥業n the second quarter, we saw robust growth in user traffic, quarterly active customers, and user shopping frequency on JD鈥檚 platform,鈥� Xu added.
