By Adam Rose BEIJING (Reuters) - JD.com, China's second-largest e-commerce site, is set to exceed 100 billion yuan ($16.47 billion) in annual sales for the first time in a market that has drawn investment from global retailing names such as Amazon and Wal-Mart. The smaller rival of China's Alibaba Group Holding Ltd said it has broken even for the first three quarters of the year and may turn profitable at any time, declining to be more specific. China's business-to-consumer e-commerce sales may surpass $180 billion this year due to a rising Internet penetration rate, expanding middle class incomes and a steadily improving distribution network, according to New York-based market research firm eMarketer. The country's e-commerce prospects have attracted investment from Wal-Mart, which now owns roughly 51 percent of Chinese e-tailer Yihaodian.
via Tech News Headlines - Yahoo News http://news.yahoo.com/alibaba-rival-jd-com-top-sales-target-chinese-110004581--finance.html
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