JD.com: First quarter revenues increase by 20.7 percent

For its first quarter, JD.com, Inc. reported net revenues of 146.2 billion Chinese yuan (120.6 billion dollars), an increase of 20.7 percent from the first quarter of 2019. The company said in a statement that net revenues from the sales of general merchandise products were 52.5 billion Chinese yuan (7.4 billion dollars), an increase of 38.2 percent, while net service revenues were 16.1 billion Chinese yuan (2.3 billion dollars), an increase of 29.6 percent from the first quarter of 2019.