For full year 2017, our net revenues increased to over 40%, and the revenues from services and others grew nearly 50%.
Gross margin in the fourth quarter was 13% compared to 13.7% in the fourth quarter last year. The margin reduction was mainly due to impacts from new businesses, which include the JD Logistics third party business, technology services and overseas operations.
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Wireless providers will no longer be allowed to sell locked mobile devices or charge Canadians to unlock their phones for use on rival networks, according to new rules that will erase millions in annual revenue for carriers.The federal government and consumer groups applauded the Canadian Radio television and Telecommunications Commission decision, announced Thursday, to ban unlocking fees and require providers to sell only unlocked devices as of Dec. 1.Innovation, Science and Economic Development Minister Navdeep Bains said the change will make it easier for customers to switch providers, encourage competition and lead to lower prices. Are concerned about the rising cost of their Internet and cellphone bills.
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