JD.com revenues grow 26.6 percent, names new CFO

JD.com, Inc. announced that its net revenues for the fourth quarter of 2019 were 170.7 billion Chinese yuan (124.5 billion dollars), an increase of 26.6 percent from the fourth quarter of 2018, while net service revenues were 21 billion Chinese yuan (3 billion dollars), an increase of 43.6 percent. JD.com’s net revenues for the full year were 576.9 billion Chinese yuan (82.9 billion dollars), an increase of 24.9 percent from the full year of 2018, while net service revenues were 66.2 billion Chinese yuan (9.5 billion dollars), an increase of 44.1 percent. JD.com also announced that Sidney Huang, Chief Financial Officer of JD.com, will retire in September 2020 and Sandy Xu, currently Senior Vice President of JD.com and CFO of JD Retail, will succeed Huang.