JD.com also completed the internal separation of its logistics unit, which will look to serve more third-party clients outside of the group.
The total value of merchandise transactions on JD’s platforms was 234.8 billion yuan during the quarter, up 46 percent.
JD booked a net loss of 0.35 yuan per American Depository Share, compared with a loss of 0.18 yuan a year earlier.
Richard Liu, founder and CEO of JD.com, told CNBC on Monday that he expects JD will be profitable on a non-GAAP basis for the full year, driven by better logistical efficiency.
“You can have your logistics (be) more efficient. You save some money. With your growth of a large base, you have more negotiation power, so you can get better items and terms from the suppliers,” Liu said. “You can improve your gross margin, so you can help us to be profitable.”
He added that JD currently has more than 335 warehouses in China, with plans to build more in order to cut down on delivery costs.
“In the next three years, we will build over 500 (warehouses), so our goods will be closer and closer to our customers, to save more delivery costs,” Liu said.
— CNBC’s Christine Tan contributed to this report.
