China’s Net Revenue Up 23% With Continued Net Losses

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Chinese B2C e-commerce website published its financial report for the first quarter ended March 31, 2013, stating that its total net operating revenue was CNY1.334 billion, a year-on-year increase of 23%; though it still reported net losses of CNY72.7 million.

During the first quarter of 2013,'s total trade value was CNY1.86 billion, including CNY864 million from the sales of books and CNY996 million from commodities. Its commodity business exceeded the book business for two consecutive quarters.

At the same time,'s overall gross margin reached 17.2%, which was the highest over the past eight quarters. As an important index for measuring profitability, gross margin is one of the focuses of e-commerce operators. The high gross margin may indicate that is on the right path to reduce losses and...

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