Jingdong'S Three Quarter Sales Grew By A Year Earlier Than Tmall'S.

Jingdong released its third quarter earnings.

From 7 to September this year, the total volume of pactions completed by Jingdong (GMV) has reached 115 billion yuan (about 181 billion US dollars).

Compared with its most direct rival, Tmall mall, the figure is less than half the 275 billion yuan of the latter.

However, Jingdong's year-on-year growth has reached 71%, which is much higher than that of the latter 56%.

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Competition with Tmall has intensified.

According to Alibaba's third quarter earnings report, Taobao's growth in trading volume in the third quarter is no more than 17%.

Jingdong has chosen to shut down the pat Network from Tencent earlier next year.

At present, more than half of Jingdong's orders have been completed on mobile phones.

But Alibaba did not perform poorly in the third quarter, and its revenue from mobile phone consumption also accounted for more than 60%.

From Jingdong

For the 12 months of September 30, 2015, 131 million 900 thousand users had been shopping in Jingdong, an increase of 59% over the same period.

Although the total number of active buyers of Tmall and Taobao has reached 386 million, the growth rate of the latter 26% is still slower than that of the former.

But the Jingdong is still in a period of loss, with a loss of 667 million RMB in the quarter.

Compared with the same period last year, this figure has increased by 64.3%.

The loss is mainly due to its continuous capital investment in logistics and marketing.

Unlike Taobao and Tmall, Jingdong has built up a huge self owned company.

Set up the warehouse, please send the courier three times daily door-to-door.

Faster delivery speed is an important reason for the competition between Jingdong and Tmall and Taobao.

But it also brings more losses.

Jingdong, like the US Amazon, has begun to get users started by burning money. So far, Amazon has not made the same budget.

In addition to direct competition with Alibaba, the growth of Jingdong in the future will depend on whether it can get more support from investors Tencent.

In October of this year, Jingdong and Tencent announced the "Beijing Teng plan" to bring more orders to WeChat with QQ and mobile phone.