Tuesday, March 1, 2016

Fake goods bog down impressive JD.com revenue growth; losses grow

E-commerce players in China are struggling to fight counterfeit goods, so JD.com shut down its C2C marketplace in November China’s second largest e-commerce platform, JD.com, saw an impressive 78 per cent year-on-year sales growth in 2015 — raking*in RMB462.7 billion (US$71.4 billion) over the year. Those numbers helped contribute to a RMB 181.3 billion (US$28...
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