Company Earnings Update 3 minutesRegister for Free AccessJD.com (JD) 1Q17 Results: Earnings Beat; JD Logistics Established as Separate Business Group Coresight Research May 10, 2017 Executive Summary JD.com reported 1Q17 revenues of ¥76.23 billion, up 41% year over year, and beating the consensus estimate of ¥73.60 billion. Non-GAAP diluted earnings per ADS was ¥1.01, compared to a net loss per ADS of ¥0.15 for 1Q16. Total gross merchandise volume (GMV) reached ¥184.1 billion in 1Q17, an increase of 42% year over year. General merchandise contributed 50% of total GMV, up from 48% in the year-ago period. On March 1, JD.com announced the establishment of JD Logistics, a new business group under the JD.com umbrella. The move allows the logistics arm to be run more autonomously, and together with its strong logistics capability, should help it to better serve third-party business partners. JD.com anticipates the reorganization of JD Finance to be completed within 2Q17. It will receive approximately ¥14.3 billion in cash and profit-sharing rights for 40% of the future pretax profit of JD Finance once the deal is closed. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner: Retail Innovation in China, with Anand Kumar—Three Opportunities for Brands and RetailersAmazon Apparel US Consumer Survey 2023—Infographic: Understanding Amazon Fashion and Why Consumers Choose ItGenerative AI Latest: Key Announcements from AWS re:Invent 2023Earnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales Decline