By Dave Sebastian

JD.com Inc. said its sales for the recent quarter rose 29% as the Chinese economy continued recovering with the loosening of Covid-19 restrictions.

The ecommerce company on Monday posted a third-quarter profit of 7.56 billion Chinese yuan ($1.11 billion), or CNY4.70 per American depositary share, compared with CNY612.3 million, or CNY0.41 per American depositary a share, in the comparable quarter last year. Adjusted earnings were CNY3.42 per American depositary share.

Sales were CNY174.2 billion, compared with CNY134.8 billion in the same period last year.

Active annual customer accounts rose 32% to 441.6 million for the 12 months ended Sept. 30, the company said.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

11-16-20 0633ET