(Yicai Global) May 20 -- Shares in JD.com surged as much as 4.87 percent in Hong Kong this morning after the Chinese e-commerce titan reported a 33 percent jump in profit for the first quarter from the same period last year as its different internet-based revenue streams all delivered strong results.

JD.com’s Hong Kong shares [HKG:9618] were trading up 4.43 percent at HKD282.80 (USD36) at 1:30 p.m. China time. Earlier in the day they had reached HKD284. Its US stock [NASDAQ:JD] closed up 1.2 percent at USD70.58 yesterday.

JD.com earned USD600 million in profit for the three months ended March 31, according to the Beijing-based firm’s unaudited financial results released yesterday. Revenue for the period jumped 39 percent to USD3.1 billion.

“As our strong growth momentum from last year continued into the first quarter of 2021, we are encouraged by the diversification of our revenue streams with an increasing contribution from service revenues,” said Chief Financial Officer Sandy Xu.

Revenue at its e-commerce arm JD Retail leapt 35 percent for the quarter to CNY185.8 billion (USD28.9 billion), while that at its courier arm JD Logistics soared 64 percent to CNY22.4 billion.

“JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation,” she added.

The JD.com platform had 500 million monthly active users for the 12 months ended March 31, a year on year gain of 29 percent.

Editor: Kim Taylor