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JD.com’s Revenues Rise, but Profits Suffer on Higher Logistics Costs

Chinese e-commerce powerhouse JD.com was a victim of its own success in 2018, as expansion expenses brought down profits. In a Nutshell: JD.com Inc., among China’s top technology driven e-commerce companies and retail infrastructure service providers, saw sales increased significantly in the fourth quarter and year, but its net loss grew. Sidney Huang, chief financial…

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