JD.com reports 58% revenue growth

Employees work at a JD.com logistic centre in Langfang, Hebei province, November 10, 2015.[Photo/Agencies]

BEIJING - JD.com, China's second-largest e-commerce company, reported a 58-percent growth in its net revenue in 2015.

The company's total revenue was 181.3 billion yuan ($27.8 billion) last year, while net losses ballooned from five billion yuan in 2014 to 9.4 billion yuan ($1.4 billion) in 2015, it said in financial results published on Tuesday.

The total value of merchandise transactions on JD.com was 462.7 billion yuan, up 78 percent. In 2015, JD had 155 million active users, a year-on-year growth of 71 percent.

JD.com's net loss was mainly made in the fourth quarter, when it shut down Paipai.com, its online customer-to-customer (C2C) marketplace that was rife with fake goods.