JD.com Inc

JD

Equity

ISIN US47215P1066 / Valor 23606196

NASDAQ (2024-12-26)

USD 36.13-0.91%

JD.com Inc
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About company

JD.com Inc, also known as Jingdong, is a prominent Chinese e-commerce company that has significantly expanded its business scope since its inception in 2004. Beyond its roots in online retail, JD.com has evolved into a multifaceted technology and service provider, with investments nearing 100 billion yuan in technology research and development as of early 2017. The company's operations now span across various sectors including technology, logistics, healthcare, industrial solutions, private label products, insurance, and international ventures. At its core, JD.com leverages a technology-driven approach to maintain a responsible and efficient supply chain, integrating merchandise, warehousing, and cloud-based digital technologies. This strategy not only enhances the reliability of its own supply chain but also supports the digital transformation and cost optimization for its industry partners. JD.com made history as the first major Chinese e-commerce entity to be listed on NASDAQ in May 2014 and further solidified its market position with a secondary listing on the Hong Kong Stock Exchange in June 2020. The company is guided by a set of core values emphasizing customer satisfaction, integrity, and collaboration, with a mission to harness technology for a more productive and sustainable world. Through its commitment to offering high-quality products, competitive pricing, and exceptional service, JD.com aims to become the world's most trusted company.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

JD.com Inc reported a 5.1% increase in net revenues for the third quarter of 2024, reaching RMB260.4 billion (US$37.1 billion), compared to RMB247.7 billion in the same quarter of 2023. This growth was driven by a 4.8% rise in net product revenues and a 6.5% increase in net service revenues.

Cost and Expenses

The cost of revenues for JD.com Inc rose by 3.1% to RMB215.3 billion (US$30.7 billion) in the third quarter of 2024, up from RMB208.9 billion in the third quarter of 2023. Fulfillment expenses also increased by 6.9% to RMB16.3 billion (US$2.3 billion), representing 6.3% of net revenues, compared to 6.1% in the previous year.

Marketing and R&D

JD.com Inc's marketing expenses surged by 25.7% to RMB10.0 billion (US$1.4 billion) in the third quarter of 2024, primarily due to increased promotional activities. Research and development expenses also saw a rise of 15.9%, amounting to RMB4.4 billion (US$0.6 billion), reflecting the company's continued investment in innovation.

Profitability

Income from operations for JD.com Inc increased by 29.5% to RMB12.0 billion (US$1.7 billion) in the third quarter of 2024. The non-GAAP operating margin improved to 5.0%, up from 4.5% in the third quarter of 2023, indicating enhanced operational efficiency and profitability.

Shareholder Returns

JD.com Inc completed its share repurchase program announced in March 2024 and launched a new US$5.0 billion share repurchase program through August 2027. This move underscores the company's commitment to returning value to shareholders while maintaining a strong financial position.

Summarized from source with an LLMView Source

Key figures

30.9%1Y

-47.4%3Y

-0.30%5Y

Performance

52.6%1Y

59.1%3Y

54.6%5Y

Volatility