March 2 JD.com Inc, China's second
biggest e-commerce company after Alibaba Group Holding Ltd
, said on Thursday fourth-quarter revenue jumped 47
percent, exceeding the company's expectations.
Revenue for the quarter ended Dec. 31 was 80.3 billion yuan
($11.67 billion), beating the company's forecast of 75 billion
yuan to 77.5 billion yuan.
JD.com's net loss fell to 1.67 billion yuan, from 7.63
billion yuan a year earlier.
That translates to a net loss of 1.26 yuan ($0.18) per
American depository share, compared to a loss of 5.57 yuan a
JD.com also said it would dispose of its equity stake in JD
Finance, which runs the company's internet finance business.
($1 = 6.8837 Chinese yuan renminbi)
(Reporting by Cate Cadell in Beijing and Narottam Medhora in
Bengaluru; Editing by Sai Sachin Ravikumar)