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Retail Trade

JD.com, Inc.

Company Background

JD.com is China's No. 2 e-commerce company, behind the Alibaba Group Holding. It was founded in 1998 and is headquartered in Beijing. When the company went public on the U.S. Nasdaq market in May 2014, it raised $1.78 billion, the largest sum ever garnered by a Chinese company in an initial public offering in the U.S. Richard Liu Qiangdong, who graduated from Renmin University of China, in Beijing, in 1996, started the business. It began as a sales agent for CD-ROMs. The company became an online mail-order house in 2004. It expanded its business as the Internet and rising incomes took hold in China.

As Alibaba is by far the largest player in China's online retail market, JD.com enlisted the help of Tencent Holdings, one of China's big three Internet players and the operator of the wildly popular WeChat app. JD.com hopes to woo some 400 million WeChat users. Tencent purchased a stake of about 15% in JD.com in the spring of 2014.

In May 2015, JD.com bought a 27.5% interest in the operator of a major Chinese travel website for $350 million and became its leading shareholder as part of a strategy to expand into new business sectors.

Business Summary

JD.com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business. The New Businesses segment includes logistic services provided to third parties, technology services, overseas business, insurance and O2O. It also provides an online marketplace, whereby third-party sellers sell products to customers primarily through its websites and mobile apps. The company offers advertising, logistics and other value-added services. JD com was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.

Financial Highlights

Dec 2019 USD
Revenue83,487.78M83,487.78M
Gross Profit12,042.52M12,042.52M
Operating income739.54M739.54M
Income before tax2,233.15M2,233.15M
Net income1,763.30M1,763.30M
EBITDA1,590.84M1,590.84M
Diluted EPS1.181.18
Dividends Per Share00
Total Assets37,286.08M37,286.08M
Total liabilities22,840.41M22,840.41M
Total equity11,751.29M11,751.29M
Operating cash flow3,569.81M3,569.81M
Currency in USDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 28,842.00M 38,878.25M 53,613.47M 69,823.02M 83,487.78M
Gross Profit 3,861.03M 5,079.55M 7,255.89M 9,694.35M 12,042.52M
Operating income -592.01M -188.40M -123.62M -392.44M 739.54M
Income before tax -999.04M 135.47M 302.99M -190.50M 2,233.15M
Net income -1,449.12M -301.11M 17.28M -376.54M 1,763.30M
EBITDA -180.13M 319.12M 484.27M 420.44M 1,590.84M
Diluted EPS -1.05 -0.40 -0.01 -0.26 1.18
Dividends Per Share 0 0 0 0 0
Total Assets 13,092.14M 23,076.98M 28,263.96M 30,465.19M 37,286.08M
Total liabilities 8,361.19M 17,145.65M 20,219.02M 19,275.05M 22,840.41M
Total equity 4,709.71M 4,877.02M 7,991.52M 8,705.73M 11,751.29M
Operating cash flow 441.19M 1,240.35M 3,973.93M 3,155.71M 3,569.81M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 28,842.00M 38,878.25M 53,613.47M 69,823.02M 83,487.78M
Gross Profit 3,861.03M 5,079.55M 7,255.89M 9,694.35M 12,042.52M
Operating income -592.01M -188.40M -123.62M -392.44M 739.54M
Income before tax -999.04M 135.47M 302.99M -190.50M 2,233.15M
Net income -1,449.12M -301.11M 17.28M -376.54M 1,763.30M
EBITDA -180.13M 319.12M 484.27M 420.44M 1,590.84M
Diluted EPS -1.05 -0.40 -0.01 -0.26 1.18
Dividends Per Share 0 0 0 0 0
Total Assets 13,092.14M 23,076.98M 28,263.96M 30,465.19M 37,286.08M
Total liabilities 8,361.19M 17,145.65M 20,219.02M 19,275.05M 22,840.41M
Total equity 4,709.71M 4,877.02M 7,991.52M 8,705.73M 11,751.29M
Operating cash flow 441.19M 1,240.35M 3,973.93M 3,155.71M 3,569.81M

Valuation Measures

Dec 2019
PER29.09
ROA5.20%
ROE17.23%
Operating margin0.88%
Profit margin2.11%

Key executives

  • Chairman & Chief Executive Officer: Qiang Dong Liu
  • Director-Strategy & Operations: Nan Li
  • Chief Financial Officer: Xuan De Huang
  • Chief Compliance Officer: Yayun Li
  • Senior Vice President: Sheng Li Hu

Shareholders

  • Tiger Global Management LLC (4.0%)
  • The Vanguard Group, Inc. (2.1%)
  • BlackRock Fund Advisors (1.8%)
  • Viking Global Investors LP (1.5%)
  • D1 Capital Partners LLC (1.4%)
  • SSgA Funds Management, Inc. (1.4%)
  • Fidelity Management & Research Co. LLC (1.1%)
  • Invesco Advisers, Inc. (1.0%)
  • Dodge & Cox (1.0%)
  • Hillhouse Capital Advisors Ltd. (0.9%)

Contact Details

  • Website:http://www.jd.com
  • Address: Building A, No. 18 Kechuang 11 Street, Beijing, 101111, China
  • Phone: +86.10.8911.8888

Related Companies

  • Jingdong Express Group Corp.
  • Beijing Kentui Fund Sales Co., Ltd.
  • Beijing Jd Shangke Information Technology Co., Ltd.
  • JD.com E-Commerce (Singapore) Pte Ltd.
  • Wuhan Jingdong Century Trading Co., Ltd.
  • Shenyang Jingdong Century Trading Co., Ltd.
  • Beijing Jingdong Shangke Information Technology Co., Ltd.
  • Farfetch (Shanghai) E-Commerce Co., Ltd.
  • Jiangsu Jingdong Information Technology Co., Ltd.
  • Guangzhou Jingdong Trading Co., Ltd.
  • Jingdong Logistics Group Corp.
  • JD.com, Inc. (United States)
  • JD.com International Ltd.
  • Beijing Changtian Asset Management Co. Ltd.
  • Supreme Universal Holding Ltd.
  • Dada Nexus Ltd.
  • Jd.com Investment Ltd.
  • JD.com E-commerce (Investment) Hong Kong Corp. Ltd.
  • Beijing Jingdong Century Trade Co. Ltd.
  • Yixun Logistics Co. Ltd.
  • Guangzhou Tencent IT Co. Ltd.
  • Tencent E-Commerce Cyber (Shenzhen) Co. Ltd.
  • Shenzhen Tencent E-commerce IT Co. Ltd.
  • Jingdong Mall Logistics Center /Guangzhou Branch/
  • Jingdong Mall Logistics Center /Beijing Branch/
  • Jingdong Mall /Wuhan Branch/
  • Jingdong Mall /Shenyang Branch/
  • Jingdong Mall /Chengdu Branch/
  • Jingdong Mall Logistics Center /Shanghai Branch/
  • Beijing Jingdong 360 Electronic Business Co. Ltd.

Competitors

  • Alibaba Group Holding Ltd.
  • Shanghai Bailian Group Co., Ltd. Class B
  • Yonghui Superstores Co., Ltd. Class A
  • Vipshop Holdings Ltd Sponsored ADR
  • Sun Art Retail Group Limited
  • Suning.com Co., Ltd. Class A
  • Chongqing Department Store Co. Ltd. Class A
  • Dashang Co., Ltd. Class A
  • GOME Retail Holdings Limited
  • STO Express Co., Ltd. Class A
  • 111, Inc. Sponsored ADR Class A
  • BEST, Inc. Sponsored ADR Class A
  • Fincera Inc
  • Jiangsu Hongtu High Technology Co. Ltd. Class A
  • NetEase, Inc. Sponsored ADR
  • Seven & I Holdings Co., Ltd.
  • Dreamus Company
  • FinVolution Group Sponsored ADR Class A
  • Giglio Group SpA
  • Jumei International Holding Ltd Sponsored ADR Class A
  • Lexinfintech Holdings Ltd. Sponsored ADR Class A
  • OneConnect Financial Technology Co Ltd Sponsored ADR
  • Shanghai East-China Computer Co., Ltd. Class A
Last Updated on 22 May, 2020

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