JD.com reports profit for first three quarters

JD.com, China's second-largest B2C online platform by market share, made a profit in the first three quarters of the year, the company's chief executive officer said on Monday.

JD.com not only broke even but also made a "micro profit" for the first time between January and September, said Liu Qiangdong, chief executive officer and founder of JD.com. He also announced that transaction value on the online platform for 2013 is expected to exceed 100 billion yuan ($16.47 billion).

"Large B2C online platforms in China are entering the era of being in the black," Liu said at a media briefing in Beijing.

JD.com has mapped out its 2014 plan and identified five priorities — technology, finance, online-to-offline, internationalization and expansion to tier-three and tier-four cities in China.

Liu said the company would further strengthen its research and development sector to find better solutions for big data and mobile Internet services.

The company will also boost its online-to-offline business through cooperation with big supermarkets, and aims to deliver fresh and frozen food within 10 to 15 minutes of receiving orders.