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KEY STAT | E-commerce giant JD.com reports biggest user increase in three years

JD’s growth once again beat analysts’ estimates.

JD.com (NASDAQ: JDHKEX:9618) saw its total user account grow to 417.4 million with the 30 million new additions in the quarter ended in June. The 29.9% year-on-year user growth represents the highest increase the Chinese e-commerce platform had in almost three years.

Revenue for the quarter was USD 28.5 billion, exceeding analyst expectations of USD 27.5 billion, KrASIA reported.

In comparison, Alibaba (NYSE: BABAHKEX: 9988) e-commerce and Pinduoduo (NASDAQ: PDD), the other two major players in the sector, respectively, have 726 million and 628 million annual active buyers at the end of 2020 Q1. The two have yet to release their Q2 results.

More on JD.com’s quarterly report please read: JD.com’s growth accelerates in Q2 as Chinese shoppers continue to rely on e-commerce

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.