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 filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report is accessible via the company's investor relations website. Shareholders and ADS holders can request a free copy of the report, which includes audited consolidated financial statements. JD.com continues to innovate in supply chain-based technology, enhancing its retail infrastructure and offering Retail as a Service to improve productivity across various industries.
JD.com has announced the appointment of Mr. Lei Xu as CEO, succeeding Mr. Richard Liu, who will remain as Chairman. Lei Xu's extensive experience of over a decade at JD.com includes leadership roles that have driven significant growth. His strategy has focused on customer-centric value creation and supply chain optimization. The transition aims to uphold JD’s position as a leading supply chain technology provider, ensuring sustainable growth and value for partners and society.
JD.com, a leading supply chain-based technology provider, announced a significant financing round for its subsidiary JD Property. The agreements, led by Hillhouse Investment and Warburg Pincus, will raise approximately US$800 million through non-redeemable series B preferred shares. JD.com will retain majority ownership of JD Property post-financing, which aims to enhance its infrastructure property management capabilities and support the company’s expansion in China’s logistics sector.
JD.com has announced two significant financial transactions involving its subsidiary, JD Logistics. The company will issue 150,500,000 ordinary shares to third-party investors, raising approximately US$398 million. Concurrently, JD.com’s wholly-owned subsidiary will subscribe for 261,400,000 shares of JD Logistics for about US$692 million. Both transactions depend on customary closing conditions, including approvals from the Hong Kong Stock Exchange and JD Logistics’ independent shareholders. Upon completion, JD.com will retain a 63.5% stake in JD Logistics, consolidating its financial results.
JD.com announced plans for JD Logistics to conduct a share placement of up to US$400 million and concurrently for JD.com to subscribe for new shares in JD Logistics totaling US$700 million. These actions are aimed at strengthening JD Logistics' capital structure. Both transactions are dependent on market conditions and require approvals from the Hong Kong Stock Exchange and JD Logistics' independent shareholders. The company cautioned that definitive agreements may not be executed and outlined potential risks regarding the completion of the deals.
JD.com announced a significant acquisition where JD Logistics will purchase approximately 99.99% of Deppon Logistics for RMB9.0 billion. Deppon, listed on the Shanghai Stock Exchange, offers extensive logistics solutions across China, including LTL and FTL transportation. This acquisition aims to enhance JD Logistics' capabilities and market presence. Following regulatory approvals, JD Logistics plans to make a mandatory offer for Deppon's remaining shares at RMB13.15 each. The deal is subject to several conditions and could impact JD Logistics’ financial consolidation.
JD.com reported robust financial performance for the fourth quarter and full year of 2021, with fourth-quarter net revenues reaching RMB275.9 billion (US$43.3 billion), a 23.0% year-over-year increase. The total net revenues for 2021 were RMB951.6 billion (US$149.3 billion), up 27.6%. However, the company experienced a net loss attributable to shareholders of RMB5.2 billion (US$0.8 billion) for Q4 and RMB3.6 billion (US$0.6 billion) for the full year. Non-GAAP net income for Q4 was RMB3.6 billion (US$0.6 billion). JD.com also saw a significant growth in active customer accounts, increasing by 20.7% to 569.7 million.
JD.com announced that its investment in Dada Nexus has received all necessary regulatory approvals, with the transaction expected to close by the end of February 2022. JD.com will invest US$546 million in cash and resources for a significant stake in Dada, resulting in approximately 52% ownership. This acquisition is set to enhance JD.com's consolidation of Dada's financial results into its own, strengthening its position in China's local on-demand delivery and retail market.
JD.com, Inc. (NASDAQ: JD) announced plans to release its unaudited fourth quarter and full year 2021 financial results on March 10, 2022, before U.S. market opens. Management will host a conference call at 7:00 am ET to discuss these results. Participants must register in advance and join the call 10 minutes early. A telephone replay will be available from 10:00 am ET on March 10 through 8:59 am ET on March 17. Investors can access a live and archived webcast on the company’s investor relations website.
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