Jingdong Expects Profitability in Next 7-12 Months
Sohu IT, 5/13/13
During a recent lunch meeting with the editor-in-chief of FTChinese.com, Richard Liu, CEO of Beijing-based B2C e-commerce platform Jingdong (formerly branded as 360Buy), stated that the company is likely to achieve profitability either by the end of this year or by H1 2014. In terms of gross merchandise volume (GMV), Jingdong's platform exceeded RMB 60 bln in 2012, and should surpass RMB 110 bln in 2013. Liu also stated that the company does not have any immediate IPO plans and is not considering going public in 2013. Should Jingdong list in the future, it would only do so on an overseas exchange.
Keywords: profit forecast Richard Liu e-commerce Internet IPO B2C GMV Jingdong
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