On Wednesday, Shares of JD.Com Inc(ADR) (NASDAQ:JD), added 0.38% and closed at $26.51 in the last trading session. The last trading range of the stock ranges between $25.62 and $26.60. JD.com, Inc. (JD), the leading Chinese e-commerce company by revenue, recently declared its unaudited financial results for the quarter ended September 30, 2016.
Third Quarter 2016 Highlights
Net revenues for the third quarter of 2016 were RMB60.7 billion (US$9.1 billion), a boost of 38% from the third quarter of 2015. Revenues from services and others, mainly from the company’s e-commerce platform business, for the third quarter of 2016 were RMB5.6 billion (US$0.8 billion), a boost of 60% from the third quarter of 2015.
Gross profit for the third quarter of 2016 was RMB9.6 billion (US$1.4 billion). Non-GAAP gross profit for the third quarter of 2016 was RMB9.4 billion (US$1.4 billion), a boost of 59% from RMB5.9 billion in the third quarter of 2015.
Loss from operations for the third quarter of 2016 was RMB416.2 million (US$62.4 million), contrast to RMB667.2 million for the same period last year. Non-GAAP income from operations for the third quarter of 2016 was RMB401.0 million (US$60.1 million), as contrast to non-GAAP loss from operations of RMB179.6 million in the third quarter of 2015. Non-GAAP operating margin of JD Mall for the third quarter of 2016 was 1.1%, contrast to 0.7% for the third quarter of 2015.
Paypal Holdings Inc (NASDAQ:PYPL), jumped 0.33% and closed at $39.07 in the last trading session. The last trading range of the stock ranges between $38.71 and $39.21. The company’s Market capitalization is $47.30 Billion with the total Outstanding Shares of 1.21 Billion. Recently PayPal and Ipsos released their third annual cross-border commerce report. The global insights research, which investigated the online domestic and cross-border shopping habits of more than 28,000 consumers in 32 countries, reveals new opportunities for merchants to expand their international sales.
Shopping internationally on mobile devices gains traction
In Asia Pacific1, consumers claim that on average, 37 percent of cross-border purchases are made on a mobile device, the majority of which are on a smartphone. In fact, 68 percent of all cross-border shoppers in the Asia Pacific region stated making a cross-border purchase on a smartphone in the past 12 months. In China, the survey saw a marked increase in the shift to mobile purchasing between 2015 and 2016, with an average of 35 percent of cross-border purchases being made on a smartphone in 2016 vs. 27 percent in 2015.
If the growth in Asia Pacific is an indication of a global shift to raised mobile cross-border shopping, there is a tremendous opportunity for merchants in Europe and North America. In the 2016 findings, Western European, Eastern European and Northern American shoppers each claimed to make less than 15 percent of cross-border purchases on a smartphone.