JD.com Inc. has reported that the value of goods sold on its e-commerce increased 111% in the third quarter to $11.0 billion from $5.1 billion a year ago.

Chinese web-only retailer JD.com Inc. has reported that the value of goods sold on its e-commerce increased 111% in the third quarter to RMB67.3 billion ($11.0 billion) from RMB31.9 billion ($5.1 billion) a year ago. The largest Chinese online retailer also reports Q3 revenue of RMB29.0 billion ($4.7 billion), an increase of 61% from Q3 2013.

JD.com is China’s largest online retailer, measured by web sales of merchandise it owns. As such, it is No. 1 of Internet Retailer China 500. Alibaba Group Holding Ltd.’s big online marketplaces Taobao and Tmall account for about 80% of e-retail sales in China, but Alibaba, like eBay Inc., does not own any merchandise and thus is not ranked in the China 500.

Contributing to JD.com’s growth in the third quarter was its acquisition, completed in the second quarter, of paipai.com, a Taobao-like marketplace. JD.com acquired the business from Tencent Group, a major Internet company in China that owns a 15% stake in JD.com.

“We solidified our market leadership through multiple initiatives to enhance customer experience, extend coverage in lower-tier cities, and increase mobile penetration and positioned JD.com as the most trusted e-commerce platform in China,” says Richard Liu, founder, chairman and CEO of JD.com.

JD.com reported a net loss of RMB164.4 million ($26.8 million). Part of the reason is that JD.com is investing heavily in building out its delivery network.

The company says in October, it launched an automated warehouse in Shanghai to strengthen its nationwide fulfillment infrastructure.  JD.com says the warehouse has 100,000 square meters of floor space and can sort up to 16,000 packages per hour.

JD.com operates 118 warehouses with an aggregate floor area of approximately 2.3 million square meters, as well as 2,045 delivery stations and 1,045 pickup stations, the company says.

“We plan to add two more similar warehouses in China by the end of 2015,” Liu said in a conference call with financial analysts.

JD.com also reported 30% sales came from mobile devices, and that ratio jumped to 40% during the Singles’ Day sales on Nov. 11 due to a large promotional campaign targeting mobile consumers.

JD.com also began about two months ago selling its products on Tencent’s WeChat, a mobile messaging service with 468 million monthly active users. “It is still the beginning stage of our collaboration with Tencent’s mobile platforms,” Liu said. “The sales from that channel are still small, but it grew faster than our expectations. “

For the quarter ended Sept. 30, JD.com reported:
•Gross merchandise value, which is the value of all items purchased on JD.com, for the third quarter of 2014 was RMB67.3 billion ($11.0 billion), an increase of 111% compared with the third quarter of 2013.
•Net revenue for the third quarter of 2014 of RMB29.0 billion ($4.7 billion), an increase of 61% from the third quarter of 2013.
•Net loss for the third quarter of 2014 was RMB164.4 million ($26.8 million).