JD.Com Stock Falls After Widening Loss in Q2

During the quarter JD reported a net loss of 496 million yuan ($74.4 million), a wider loss than the ($37.8 million) loss during the same period a year ago.
By Giovanni Bruno ,

Shares of JD.com (JD) - Get Report , China's second-largest e-commerce firm, were sinking over 3.7% during Monday morning trading after the company reported a second quarter loss, as it increases spending towards logistics.

During the quarter JD reported a net loss of 496 million yuan ($74.4 million), a wider loss than the 252 million yuan loss ($38.8 million) during the same period a year ago. But in May, JD.com's CFO cautioned investors that investments made to strengthen its new businesses and warehouses would weigh on its profits.

Still, revenue rose 44% to 93.20 billion yuan during the period, the company stated.

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