Jefferies Raises Price Target on JD.com (JD) to $32 Following 2Q
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JD.com Announces Second Quarter 2016 Results
August 10, 2016 6:00 AM EDTBEIJING, Aug. 10, 2016 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD), the largest Chinese e-commerce company by revenue, today announced its unaudited financial results for the quarter ended June 30, 2016.
Second Quarter 2016 Highlights
Net revenues for the second quarter of 2016 were RMB65.2 billion (US$19.8 billion), an increase of 42.0% from the second quarter of 2015. Revenues from services and others, mainly from the companys e-commerce platform business, for the second quarter of 2016 were RMB5.5 billion (US$0.8 billion), an increase of 67%... More
