The Beijing-based shopping platform saw increasing user traffic despite fierce competition.
JD.com achieved net revenue of 356.7 billion yuan in the three-month period ending June 30. BEIJING: JD.com saw a jump in its second-quarter revenue today, as the Chinese retail giant saw increasing user traffic despite fierce competition in the country's e-commerce and food delivery sectors. In recent years, the Beijing-based shopping platform has faced pressure from a persistent domestic consumption slump and increased competition with its primary rival, Alibaba. JD.
'In the second quarter, we saw robust growth in user traffic, quarterly active customers, and user shopping frequency on JD's platform,' Xu added. JD.com launched its own meal delivery service in February in its bid to challenge dominant provider Meituan. The company had waived delivery fees this year for eateries that registered before May 1, in an attempt to grab market share from Meituan and Alibaba's Ele.me. JD.
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