Industrials Aug 25, 2021 06:47 PM (GMT+8) · EqualOcean
JD Logistics has released its half-year results. In this regard, total revenue increased by 53.7% year-on-year to CNY 48.5B. In this period, the loss was now CNY 15.2B, whereas there was a profit of CNY 647M last year. The loss is due to a CNY 12.8B payment from the change in the fair value of convertible redeemable preferred shares, the reduction in government support preferences associated with Covid-19, and efforts to strengthen and expand the logistics network. In addition, JD Logistics' revenue from external customers amounted to CNY 26.5B, accounting for 54.7% of total revenue and a year-on-year increase of 109.6%. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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