JD.com profits soar as retail business booms during lockdowns

Richard Liu, JD.com

JD.com has posted a jump in full-year sales and profits as its retail division benefited from a spike in online shopping during the coronavirus crisis.

The Chinese technology giant said income from its operations jumped 36.7% to ¥12.3bn (£1.4bn) during the year to December 31, 2020. Net revenues during the period advanced 29.3% year on year to ¥745.8bn (£81.9bn).

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