JD's revenues rose 33.8% to $28.5 billion, compared to expectations of $27.5 billion, as services revenue grew 36.4% and revenue from general merchandise jumped 45.4%.
JD is also building out businesses like its marketplace, adding new third-party retailers to JD Mall, and it grew revenue from its third-party logistics business by 54.4% to $2.2 billion. JD Health also raised an $830 million investment from Hillhouse Capital; its health division has grown rapidly during the COVID-19 pandemic.
1% CAPITAL
JD is also building out businesses like its marketplace, adding new third-party retailers to JD Mall, and it grew revenue from its third-party logistics business by 54.4% to $2.2 billion. JD Health also raised an $830 million investment from Hillhouse Capital; its health division has grown rapidly during the COVID-19 pandemic.
1% CAPITAL