Jingdong'S Net Loss In The Three Quarter Of 500 Million Liu Qiangdong Disdained To Talk About "Suning"

This year, "double 11", clothing and household products ranked first in all Jingdong commodity categories, with orders exceeding 13 million orders on that day, accounting for 40% of total orders, and sales of over 14 million clothing shoes and hats.

At the analyst meeting held after the three quarterly bulletin, Jingdong was asked about the impact of "two elections".

The evening of November 16th has just ended.

The Jingdong issued the three quarterly report in 2015. Data show that the total volume of Jingdong pactions (GMV) reached 115 billion yuan in the three quarter, an increase of 71% compared with the same period last year, and net income of 44 billion 100 million yuan, up 52% over the same period last year.

National Bureau of statistics data show that in January 2015, the national online retail sales grew by 36.2% over the same period last year, by contrast, Jingdong's total volume of pactions continued to maintain about two times the average growth rate of the industry.

In terms of profit, the net loss in the third quarter was 530 million 800 thousand yuan, and the net profit in non US GAAP was 27 million yuan.

Previously,

Just released the "double 11" war report shows that in the November 1st sales promotion, Jingdong total volume of 100 million, an increase of 130% compared with the same period last year, trading volume grew by more than 140% over the same period last year.

At the peak of November 11th, Jingdong once again refreshed its sales record. The world's single volume exceeded 32 million orders, an increase of 130% over the same period, of which mobile terminals accounted for 74%.

"In cooperation with Tencent, Jingdong has reached more and more mobile Internet consumers through WeChat and mobile QQ channels. Jingdong has increasingly become the preferred platform for Chinese consumers to worry about online shopping and fast performing," said Jingdong CEO Liu Qiangdong.

Jingdong's share price rose 7.7% to 28.81 /ADR after its earnings announcement, the biggest increase since October 2nd.

Jingdong expects revenue growth in the fourth quarter to grow from 47% to 51% to 51 billion yuan to 52 billion 500 million yuan.

Clothing category "two elections" has little influence.

At the analyst meeting held after the three quarterly bulletin, Jingdong was asked about the impact of "two elections".

In November 3rd, Jingdong reported to the SAIC that the Alibaba group disrupted the order of e-commerce market, and accused Alibaba of "two choice one" in the "double 11" sales promotion activities, that is, if businessmen participate in Tmall's "double 11" main venue activities, they will not be allowed to join other platforms (mainly referring to Jingdong) "double 11" main venue activities.

As a result, the two sides launched a "war of words".

In response to this, Liu Qiangdong said: "after this year's" double 11 ", we can clearly tell investors and analysts, our clothing category in the" two election one ", the last to withdraw from our venue business is only a single digit, and all the withdrawal merchants also answer us, after the" double 11 ", will give us more resources, in the Jingdong platform to increase sales promotion efforts.

We can tell you that we have the confidence to bring more value to the sellers in the clothing category.

"Two elections" will definitely not become a bottleneck for the growth of our clothing category.

Data from Jingdong show that this year's "double 11".

In Jingdong, all orders are ranked first, with orders exceeding 13 million orders per day, 40% of total orders, and over 14 million clothing shoes and hats sold.

Data show that as of now, clothing and apparel has become the largest commodity category of Ali and Jingdong.

Juhuasuan's group buying platform Juhuasuan cut its commission rate in April this year, while the Jingdong provides subsidies to businesses to stimulate growth in the category.

Two big business tycoons in the category of wrestling, making vertical electric providers feel "chill".

In the evening of November 13th, vip.com issued a profit warning. It expects revenue growth in the third quarter to grow from 61% to 63%, to 8 billion 600 million to 8 billion 700 million yuan, lower than the expected 9 billion 100 million to 9 billion 300 million yuan.

Liu Qiangdong disdains "Suning"

The biggest difference between this year's "double 11" war and the past is that Tmall and Suning first joined hands.

In August 10th this year, Alibaba announced that it would spend 28 billion 300 million yuan on sunning as its second largest shareholder.

After Suning and Ali became enemies, he immediately joined forces in the Jingdong's "double 11" campaign and launched the slogan of "the battle of Ping Jing (Jingdong)".

Suning side also said that the follow-up will also launch a more intense price war.

When asked about the impact of Suning's price war on Jingdong, Liu Qiangdong said: "since 2012, Suning's price war has never stopped. It has been playing for three years, and I think everyone has already seen it.

There is no need for us to waste time answering this question.

For the impact of the macroeconomic downturn that the industry is concerned about, Liu Qiangdong said, "recently, many people have asked me such questions, and I want to restate my views.

The decline of the macro-economy will be beneficial to the integration of China's entire retail industry, and quickly eliminate a large number of uncompetitive online and offline companies, which is a good thing for the truly competitive companies.

So, I want to remind you that you should not only pay attention to our year-on-year growth rate, but also pay attention to our market share and believe that our market share will grow faster.