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, Inc. (NASDAQ: JD and HKEX: 9618) announced plans to release its unaudited first quarter 2023 financial results on May 11, 2023, before U.S. markets open. Following the earnings release, management will hold a conference call at 8:00 am Eastern Time to discuss the results. Participants must register in advance and can access the call via a provided link. A telephone replay will be available until May 18, 2023. JD.com continues to enhance its supply chain-based technology and services, aiming to improve retail infrastructure and drive innovation across various industries.
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