Consumer Staples Author:Ruizhi Cheng Editor:Luke Sheehan Nov 16, 2020 03:01 PM (GMT+8) is seeing a huge boost amid the global turmoil. As well as a growing user base, its employees have reached 320 thousand. has made big progress in 3Q 2020.

Image credit“External copyright” (JD: NASDAQ) released unaudited third-quarter results for the fiscal year 2020 ending September 30. On one hand, it has attracted more than 100 million annual active users, bringing it to 441.6 million, up 32.1% year-on-year, while the net revenue reached CNY 174.2 billion, up 29.2% year-on-year. Particularly, the total amount of orders placed on on Single’s Day reached CNY 271.5 billion which set a new record. 

On the other hand, has improved its supply chain management, setting a benchmark for innovation in this area of the industry. The inventory turnover days in numbered 34 days, which was the fastest turnover rate since went public. During the Single’s Day Festival, it helped the merchants on increase their orders by 15 times.

Combined with dual circulation policy, more than 2004 brands on have seen their GMV rise above CNY 100 million, 81% of these are national brands. has provided customized logistic services like decreasing costs and increasing efficiency to accelerate dual circulation.