Jingdong GMV Growth In The First Quarter Of 57% Growth Rate Is 239% Of Alibaba.

China's second largest electricity supplier group, JD.com Inc. (NASDAQ:JD), released its first quarter results before the Jingdong. As of March 31st, the group's GMV increased by 55% to RMB 129 billion 300 million yuan (hereinafter referred to as "Yuan"), or about 20 billion 100 million US dollars, slowing down compared with 69% in the four quarter.

In the first quarter, the sales of JD.com Inc. and Jingdong's direct business and the third party platform were GMV 76 billion 200 million yuan and 53 billion 100 million yuan respectively, with an increase of 50% and 63% respectively. During the period, the 3C category GMV of electrical appliances and household appliances increased by 54% to 67 billion 500 million yuan. Clothes & Accessories The general merchandise category GMV recorded an increase of 48% yuan, or 61 billion 800 million yuan.

It is worth noting that the growth rate of the general merchandise category is almost half that of the four quarter, which shows that the apparel retail market is not only weakening online, but also slowing down at high speed on the Internet. According to the statistics of China's National Bureau of statistics, in 2016 1-3, the total retail sales volume of the country was 10251 billion yuan, up 27.8% from the same period last year, of which the increase in clothing category was 16%, the lowest in three categories.

Last week, Alibaba Group Holding Ltd. (NYSE:BABA) Alibaba, which has just disclosed its four quarter earnings report, also said its GMV growth rate had been 23% low for two consecutive quarters. Unlike 3C JD.com JD.com Inc. Jingdong, Alibaba group has the absolute proportion of general clothing products, whether it is Tmall.com Taobao or Taobao.com Taobao. Therefore, in Apparel retail market In the extremely sluggish environment, in 2016 1-3, Jingdong's overall GMV growth rate reached 2.4 times that of Alibaba. Jingdong and Ali's earnings cycle has been postponed for three months. The first quarter of the Jingdong financial year and the fourth quarter of the year of Alibaba finance are 1-3 months of natural year.

In the first quarter, Jingdong JD.com revenue increased by 47.3% to 53 billion 969 million 700 thousand yuan, or 8 billion 370 million yuan, compared with 36 billion 640 million 600 thousand yuan in the same period last year, which basically met the growth expectations of the company's previous 45%-50% growth. Inc. During the period, the revenue from third party platforms increased by 90.9% to 3 billion 994 million 100 thousand yuan, compared with 2 billion 92 million 100 thousand yuan in the same period last year. The income from direct online sales in the first quarter was 49 billion 975 million 600 thousand yuan, or 7 billion 750 million 600 thousand yuan, up 44.7% from the 34 billion 548 million 500 thousand yuan in the same period last year.

Similar to the continued high growth in income and GMV, losses in JD.com Inc. Jingdong continued to intensify. In the first quarter of March 31, 2016, Jingdong JD.com Inc. lost a net loss of 867 million 300 thousand yuan, or about $134 million 500 thousand, compared with a loss of 710 million 200 thousand yuan in the same period last year, and a loss of 0.52 yuan per share ADS to 0.66 yuan, or about 0.11 US dollars.

In the first quarter, JD.com Inc. Jingdong's annual active users grew by 73% to 169 million 100 thousand.

JD.com Inc. Jingdong expects revenue in the two quarter to be 64 billion 200 million yuan, -662 billion yuan, up by 40%-44% annually.

Before Monday, JD.com Inc. (NASDAQ:JD) Jingdong Price of stock First rise and fall, with a wave rate of 3%, and no fashion Chinese net. The time of publication was 0.75% to 25.01 dollars in the US Eastern time. The stock closed at $25.20 last week and has fallen by 22% so far this year, down more than 25% in December.