Welcome to our dedicated page for JD.com news (Ticker: JD), a resource for investors and traders seeking the latest updates and insights on JD.com stock.
JD.com, Inc. (JD), also known as Jingdong and internationally as Joybuy, is a major Chinese e-commerce company headquartered in Beijing. Formerly known as 360buy, JD.com is recognized for its vast selection of authentic products, speedy, and reliable delivery services. The company's 2022 China GMV is comparable to Pinduoduo but remains lower than Alibaba, according to estimates.
JD.com has developed a robust nationwide fulfillment infrastructure and last-mile delivery network that employs its own staff. This infrastructure supports the company's online direct sales, online marketplace, and omnichannel businesses. By maintaining control over its logistics, JD.com ensures a high level of service quality and efficiency.
The company continually strives to enhance its business operations and financial performance. For the first quarter of 2024, JD.com reported an increase in income from operations by 19.8% to RMB7.7 billion (US$1.1 billion) from RMB6.4 billion for the same period in 2023. The operating margin improved to 3.0% from 2.6% over the same periods. Non-GAAP income from operations also saw an increase, rising 12.7% to RMB8.9 billion (US$1.2 billion) from RMB7.9 billion.
JD.com continues to innovate and expand its services. Notable recent endeavors include the adoption of the 2023 Share Incentive Plan and a comprehensive focus on Environment, Social, and Governance (ESG) practices. Additionally, JD.com has announced a share repurchase program and is committed to returning value to its shareholders.
The company regularly updates its stakeholders through conference calls and webcasts available on its investor relations website. Stakeholders can access supplemental information, business highlights, and detailed financial results through these platforms.
JD.com reported Q1 2024 results with net revenues of RMB260.0 billion (US$36.0 billion), a 7.0% increase YoY. Income from operations grew to RMB7.7 billion (US$1.1 billion), up from RMB6.4 billion. Non-GAAP operating income rose to RMB8.9 billion (US$1.2 billion) from RMB7.9 billion. Net income attributable to shareholders increased 13.9% to RMB7.1 billion (US$1.0 billion). Non-GAAP net income was RMB8.9 billion (US$1.2 billion), up 17.2%. Diluted net income per ADS rose to RMB4.53 (US$0.63), a 15.3% increase. Cash and equivalents totaled RMB179.3 billion (US$24.8 billion). JD.com repurchased 98.3 million Class A shares worth US$1.3 billion. Business segments include JD Retail, JD Logistics, and New Businesses, with diverse growth and operational highlights.
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