JD.com news and archive

JD.com posts Q3 profit growth

JD.com net revenues for the third quarter were 247.7 billion Chinese yuan (134 billion dollars), an increase of 1.7 percent from the third quarter of 2022. The company’s income from operations rose to 9.3 billion Chinese yuan (1.3 billion dollars) and non-GAAP income from operations increased to 11.1 billion Chinese yuan (1.5 billion dollars). “...

Retail

Gucci launches official store on JD.com

Italian fashion house Gucci has announced a digital partnership with Chinese e-commerce retailer JD.com to boost its presence in the region. As part of the partnership, Gucci has launched an official digital flagship store on JD.com, marking the first time the Italian luxury brand has been accessible on the platform as it looks to enhance its...

Business

China's JD to spin off two units, list in Hong Kong

Beijing - E-commerce giant JD.com will spin off its industrial and property units and take both of them public, the company said, in the latest reorganisation of a major Chinese tech firm. One of China's largest retailers, JD.com's fortunes were hit hard by heightened scrutiny of big tech by the state as well as a Covid-induced sales slump in...

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JD.com swings to profit, net revenues increase by 11.4 percent

JD.com, Inc. net revenues for the third quarter of 2022 were 243.5 billion Chinese yuan (134.2 billion dollars), an increase of 11.4 percent from the third quarter of 2021. Net service revenues for the quarter were 46.5 billion Chinese yuan (6.5 billion dollars), an increase of 42.2 percent. The company said, income from operations was 8.7...

Business

Alibaba and JD.com keep Singles Day sales under wraps for first time

Chinese e-commerce giants Alibaba and JD.com have opted to not release any sales numbers for their annual Singles Day, possibly hinting that macroeconomic headwinds could be hitting the region and its businesses. While Alibaba said the results had delivered in line with last year’s GMV performance despite the macro challenges, JD.com said this...

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JD.com appoints Carol Yun Yau Li as independent director

JD.com, Inc. has appointed Carol Yun Yau Li as an independent director on the board of directors of the company and a member of the board’s compensation committee, effective immediately. Li, the company said, is a managing director of Yale Center Beijing, Yale University’s first university-wide center outside of the United States. Li has also...

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JD.com posts revenue and profit growth

JD.com net revenues for the second quarter were 267.6 billion Chinese yuan (140 billion dollars), an increase of 5.4 percent from the second quarter of 2021. Net service revenues were 41.6 billion Chinese yuan (6.2 billion dollars), an increase of 21.9 percent. “JD.com's resilient business model, industry-leading supply chain capabilities and...

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JD.com's Q1 revenues increase by 18 percent

JD.com, Inc. net revenues for the first quarter of 2022 were 239.7 billion Chinese yuan (137.8 billion dollars), an increase of 18 percent from the first quarter of 2021. Net service revenues for the quarter were 35.2 billion Chinese yuan (5.6 billion dollars), an increase of 26.3 percent from the first quarter of 2021. “JD.com’s robust supply...

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JD.com names Lei Xu as the company's new CEO

JD.com, Inc. has announced the appointment of Lei Xu, president of JD.com, as the CEO of the company succeeding Richard Liu. Lei Xu, the company said, will also join the board as an executive director. Richard Liu will remain as the chairman of the board and continue to focus on guiding the long-term strategies, mentoring younger management, and...

Business

MyTheresa debuts on JD.com hinting at China expansion

German e-commerce retailer MyTheresa has made its debut on Chinese marketplace JD.com, as it sets its sights on growing its presence in the region. Through a dedicated flagship store, shoppers will now have access to the retailer’s extensive luxury brand offering, which includes the likes of Ganni, Isabel Marant and Jimmy Choo. The e-boutique...

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JD.com Q4 net revenues increase 23 percent

JD.com, Inc. net revenues for the fourth quarter of 2021 were 275.9 billion Chinese yuan (143.3 billion dollars), an increase of 23 percent from the fourth quarter of 2020. Net revenues for the full year were 951.6 billion Chinese yuan (149.3 billion dollars), an increase of 27.6 percent from the full year of 2020. “JD.com maintained a healthy...

RetailFeatured

JD.com partners with Shopify to give merchants access to Chinese shoppers

Chinese retail giant JD.com is partnering with e-commerce service platform Shopify to allow merchants access to JD.com’s users. American Shopify stores will be able to start selling their products in China within four weeks compared the normal registration period of one year to launch direct sales. Under the partnership stores will be able to...