JD.com posts increase in Q3 revenue and earnings

JD.com, Inc., for the three months ended September 30, 2020 reported net revenues of 174.2 billion Chinese yuan (125.7 billion dollars), an increase of 29.2 percent from the third quarter of 2019. The company said in a statement that net income attributable to ordinary shareholders was 7.6 billion Chinese yuan (1.1 billion dollars), compared to 0.6 billion Chinese yuan for the same period last year, while non-GAAP net income increased by 80.1 percent to 5.6 billion Chinese yuan (0.8 billion dollars). Diluted net income per ADS for the third quarter was 4.70 Chinese yuan (69 cents) compared to 0.41 Chinese yuan for the third quarter of 2019 and non-GAAP diluted net income per ADS was 3.42 Chinese yuan (50 cents), compared to 2.08 Chinese yuan for the same period last year.