JD Mall aims at direct online sales and advertising. Given their first-half results, advertising revenue has really picked up — up 61% from a year ago.
Back in July, JD Finance — the financial arm that JD.com spun off last year — managed to raise $1.96 billion in the an equity offering. This was above the valuation of the company before the rumored IPO. Last year, Alibaba’s (BABA) rival JD.Com agreed to sell JD Finance for $2.1 billion in cash, with an aim to reorganize the unit and challenge the billionaire Jack Ma Yun’s Ant Financial.
JD.com Q2 results miss estimates; stock falls
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Last quarter, JD.com (JD) reported a wider net loss of $0.23) per ADS even as revenue surged 32% to $18.5 billion, falling short of estimates.
JD.com has also been partnering with many companies to expand its e-commerce sales. It even shook hands with Google to explore new retail solutions — to provide personalized shopping solutions from anywhere in the world.
Even though JD.com’s primary metrics have been steadily tanking, it seems to be following the path of Amazon (AMZN). Diversification of its business and focus of improving its global footprint could help this giant in the future.