On a GAAP basis, net income from continuing operations attributable to ordinary shareholders was 3 billion yuan ($0.4 billion) compared to 1 billion yuan last year. Adjusted net income was 1.2 billion yuan ($0.2 billion) compared to 2.2 billion yuan last year.
GAAP diluted earnings per American depositary share were 2.03 yuan ($0.30) versus 0.69 yuan last year. Adjusted earnings per ADS were 0.80 yuan ($0.12) versus 1.52 yuan last year.
During the quarter, annual active customer accounts increased to 305.2 million from 266.3 million last year. The company saw an increase in expenses due to investments in various aspects of the business such as technology infrastructure.
For the fourth quarter of 2018, net revenues are expected to grow 18-23% to a range of 130 billion yuan to 135 billion yuan versus the same period last year.
Earnings Preview: Diversified growth key to JD.com in third quarter
During the third quarter, JD.com partnered with fashion giant Ruyi to provide technology and infrastructure solutions covering smart logistics, inventory management and marketing.
In August, the company’s JV Dada-JD Daojia completed a new $500 million financing round with investments from Walmart and JD. Dada-JD Daojia has partnered with several supermarkets and grocery stores including Walmart and Carrefour to provide a seamless online grocery shopping experience with one-hour home delivery service.
JD.com’s competitor Alibaba (BABA) reported second-quarter 2019 results earlier this month in which the company topped earnings estimates but missed the mark on revenue.