JD Logistics, the logistics arm of Chinese e-commerce giant JD, which had previously reported losses in its operations, has broken even in the second quarter of this year, according to the latest report.
Liu Qiangdong, chairman and chief executive of JD, said during a conference call after the company released its financial results for the second quarter that JD Logistics has reached the break-even level after suffering a loss of 2.8bn yuan (US$398.9m) last year.
On August 14, it was announced that the average salary of JD logistics couriers was increased by nearly five per cent in the second quarter, the Paper reported.