At the end of the quarter, the company had 321.3 million annual
active customer accounts, compared to 310.5 million a year ago.
Net revenues for the third quarter are expected to be between RMB126 billion and RMB130 billion, representing a growth rate between 20% and 24% compared with the third quarter of 2018.
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CFO Sidney Huang said, “Our economies of scale and innovative technologies are driving operating efficiency and further strengthening our business model. Looking ahead, we will continue to invest in user experience and our talented workforce to further grow the business and create value for all of our stakeholders.”
JD.com’s shares have gained 26% so far this year. A majority of analysts have rated the stock as Buy and it has a 12-month price target of $35.10.