JD.com, Inc. (NASDAQ:JD) Q3 2019 Earnings Conference Call - Final Transcript
Nov 15, 2019 • 07:00 am ET
six years, we have been investing heavily under investment of our technology services, and this has been quite larger than the growth of our revenues. And we will -- and for this year, you have seen significant growth on the revenues of our technology services -- has actually achieved three digit growth this year. And in the future, for the next five years, we will continue to gain the benefits and the improvement on the revenues of our technology services, and this will be even bigger than our overall revenue growth. And we believe the technology services revenue will be the key engine for the increase of our revenues and net income.
We have two strong beliefs. And no matter -- at JD Retail, Logistics and JD Digits, the technology is our key driving forces. Only through technology will bring us a long-term core competitiveness.
Technology will always help us to bring up our users' experience, lower the costs and improve our operating efficiency.
And the second belief is that we strongly believe the income from technology services while bring even further benefits and returns and profits for our stakeholders.
And overall, we believe for the next year no matter -- the revenues and our profits will achieve even better results.
Thank you, everyone.
We can now move to the Q&A session.