JD.com reports 2nd quarter revenues up 43.6%

China's second biggest e-commerce player, JD.com Inc, reported its net revenues for the second quarter reached 93.2 billion yuan ($13.7 billion), an increase of 43.6 percent from the second quarter of last year.

Gross merchandise volume (GMV) for the second quarter of 2017 increased by 46 percent to 234.8 billion yuan from 160.4 billion yuan in the same period last year.

Annual active customer accounts increased by 37 percent to 258.3 million in the 12 months that ended June 30, 2017. And fulfilled orders reached 591.2 million, an increase of 41 percent from 418.9 million in the same period in 2016.

"As we broaden our range of offerings, including a rapidly growing roster of top international brands, our customer base continues to expand, with female shoppers becoming an increasingly active user base," said Richard Liu, chairman and CEO of JD.com.

During the second quarter, JD further expanded its product offerings through cooperation with multiple international brands, including Swiss luxury watch brand Zenith, Austrian brand Swarovski and Italian furniture designer Kartell.

In June, JD and Farfetch announced a strategic partnership for luxury e-commerce in China. The partnership leverages JD's logistics, internet finance and technology capabilities, and social media resources, with Farfetch's leadership in global luxury, to offer Chinese consumers a seamless brand experience.

JD has expanded its leadership position in fulfillment capabilities among China's e-commerce companies. As of June 30, the e-commerce giant operated 335 warehouses covering an aggregate gross floor area of approximately 7.1 million square meters in China.

"In the quarters ahead, we will continue to prioritize investment in our technology-focused initiatives, which are already redefining China's retail landscape," said Sidney Huang, JD.com's chief financial officer.