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JD.com reports 58-pct revenue growth

Xinhua, March 2, 2016 Adjust font size:

JD.com, China's second-largest e-commerce company, reported a 58-percent growth in its net revenue in 2015.

The company's total revenue was 181.3 billion yuan (about 27.8 billion U.S. dollars) last year, while net losses ballooned from five billion yuan in 2014 to 9.4 billion yuan (about 1.4 billion U.S. dollars) in 2015, it said in financial results published on Tuesday.

The total value of merchandise transactions on JD.com was 462.7 billion yuan, up 78 percent. In 2015, JD had 155 million active users, a year-on-year growth of 71 percent.

JD.com's net loss was mainly made in the fourth quarter, when it shut down Paipai.com, its online customer-to-customer (C2C) marketplace that was rife with fake goods. Endi