Categories Earnings, Retail

Key highlights from JD.com (JD) Q2 2020 earnings results

JD.com (NASDAQ: JD) reported Q2 2020 earnings results today.

Net revenues increased 33.8% to RMB 201.1 billion, or $28.5 billion, year-over-year.  

Net income attributable to ordinary shareholders was RMB 16.4 billion, or $2.3 billion, compared to RMB 0.6 billion last year. Adjusted net income rose 66.1% to RMB 5.9 billion, or $0.8 billion.

Net income per ADS was RMB10.47, or $1.48, versus RMB0.36. Adjusted net income per ADS was RMB 3.51, or $0.50.  

Last week, JD.com announced that its subsidiary, JD Logistics, will acquire a controlling stake in delivery services company Kuayue Express for RMB3 billion. The deal is expected to close in the third quarter of 2020.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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