JD.com Hit an Impressive Milestone: Half a Billion Buyers
Chinese e-commerce giant JD.com (NASDAQ: JD) just reported a blowout second quarter. Revenue hit a record 254 billion yuan (roughly $39.3 billion), beating analysts' consensus expectation. The company also added 32 million net new annual active customers -- the most ever in a single quarter -- bringing its user base to 532 million names.
The earnings release also offered some insights into JD.com's operational performance, as well as what could lie ahead for the company.
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Source Fool.com
