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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. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services. The JD Logistics segment includes internal and external logistics businesses. The New Businesses segment is composed of JD Property, Jingxi, overseas businesses and technology initiatives. The company was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.

Financial Highlights

Dec 2021 USD
Revenue147,548.32M147,548.32M
Gross Profit19,781.65M19,781.65M
Operating income523.15M523.15M
Income before tax362.51M362.51M
Net income-551.99M-551.99M
EBITDA1,528.98M1,528.98M
Diluted EPS-0.35-0.35
Dividends Per Share00
Total Assets77,903.61M77,903.61M
Total liabilities39,182.37M39,182.37M
Total equity32,778.83M32,778.83M
Operating cash flow5,910.82M5,910.82M
Currency in USDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 53,613.47M 69,823.02M 83,487.78M 108,052.24M 147,548.32M
Gross Profit 7,255.89M 9,694.35M 12,042.52M 15,620.35M 19,781.65M
Operating income -123.62M -392.44M 739.54M 1,549.36M 523.15M
Income before tax 302.99M -190.50M 2,233.15M 6,740.92M 362.51M
Net income 17.28M -376.54M 1,763.30M 7,157.85M -551.99M
EBITDA 484.27M 420.44M 1,590.84M 2,466.47M 1,528.98M
Diluted EPS -0.01 -0.24 1.14 4.58 -0.35
Dividends Per Share 0 0 0 0 0
Total Assets 28,263.96M 30,465.19M 37,286.08M 64,571.97M 77,903.61M
Total liabilities 20,219.02M 19,275.05M 22,840.41M 30,684.22M 39,182.37M
Total equity 7,991.52M 8,705.73M 11,751.29M 28,677.22M 32,778.83M
Operating cash flow 3,973.93M 3,155.71M 3,569.81M 6,118.73M 5,910.82M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 53,613.47M 69,823.02M 83,487.78M 108,052.24M 147,548.32M
Gross Profit 7,255.89M 9,694.35M 12,042.52M 15,620.35M 19,781.65M
Operating income -123.62M -392.44M 739.54M 1,549.36M 523.15M
Income before tax 302.99M -190.50M 2,233.15M 6,740.92M 362.51M
Net income 17.28M -376.54M 1,763.30M 7,157.85M -551.99M
EBITDA 484.27M 420.44M 1,590.84M 2,466.47M 1,528.98M
Diluted EPS -0.01 -0.24 1.14 4.58 -0.35
Dividends Per Share 0 0 0 0 0
Total Assets 28,263.96M 30,465.19M 37,286.08M 64,571.97M 77,903.61M
Total liabilities 20,219.02M 19,275.05M 22,840.41M 30,684.22M 39,182.37M
Total equity 7,991.52M 8,705.73M 11,751.29M 28,677.22M 32,778.83M
Operating cash flow 3,973.93M 3,155.71M 3,569.81M 6,118.73M 5,910.82M

Valuation Measures

Dec 2021
PER--
ROA-0.77%
ROE-1.79%
Operating margin0.35%
Profit margin-0.37%

Key executives

  • President, CEO & Executive Director: Lei Xu
  • Director-Strategy & Operations: Nan Li
  • Chief Financial Officer: Ran Xu
  • Chief Compliance Officer: Cheng Feng He
  • President-JD Electronics, Home Appliance & SVP: Yanz Hong Yao

Shareholders

  • Tiger Global Management LLC (2.1%)
  • Invesco Advisers, Inc. (1.5%)
  • Dodge & Cox (1.1%)
  • Davis Selected Advisers LP (0.6%)
  • HHLR Advisors Ltd. (0.4%)
  • Fidelity Management & Research Co. LLC (0.4%)
  • Wellcome Trust Ltd. (Direct Investments) (0.4%)
  • Macquarie Investment Management Business Trust (0.3%)
  • Fisher Asset Management LLC (0.3%)
  • Aspex Management (HK) Ltd. (0.3%)

Contact Details

  • Website:http://www.jd.com
  • Address: No. 18 Kechuang 11 Street, 20th Floor, Building A, Beijing, 101111, China
  • Phone: +86.10.8911.8888

Related Companies

  • JD.com (United Kingdom)
  • Wuhan Jindong Jinde Trading Co., Ltd.
  • Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partne
  • JD.Com Inc/Jd Cloud & AI Business/
  • Beijing Tongbangzhuoyi Technology Co., Ltd.
  • Gorgeous Tulips Ltd.
  • Beijing JD Century Trade Holdings Ltd.
  • JD Com E-Commerce Technology Hong Kong Corp. Ltd.
  • Jingdong E-Commerce Trade Hong Kong Corp. Ltd.
  • Jingdong E-Commerce (Express) Hong Kong Corp. Ltd.
  • Suqian Hanbang Investment Management Co., Ltd.
  • Beijing Jinghong Logistics Co., Ltd.
  • Xi'an Jingdong Xuncheng Logistics Co., Ltd.
  • Xi'an Jingxundi Supply Chain Technology Co., Ltd.
  • JD.com Overseas Innovation Ltd.
  • JD Jiankang Ltd.
  • JD Asia Development Ltd.
  • Jingdong Express International Ltd.
  • JD.com Asia Investment Corp.
  • JD Assets Holding Ltd.
  • JD Logistics Holding Ltd.
  • Jingdong Technology Group Corp.
  • JD Health International, Inc.
  • JD Industrial Technology, Inc.
  • JD Logistics, Inc.
  • 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.

Competitors

  • Alibaba Group Holding Ltd.
  • Prosus N.V. Class N
  • Mobix Corp.
  • Global Top E-Commerce Co. Ltd. Class A
  • Meiwu Technology Company Limited
  • 111, Inc. Sponsored ADR Class A
  • ZTO Express (Cayman), Inc. Class A
  • Jowell Global Ltd.
  • Fincera Inc
  • Jiangsu Hongtu High Technology Co. Ltd. Class A
  • Seven & I Holdings Co., Ltd.
  • China Finance Online Co., Ltd. Sponsored ADR
  • Datasea, Inc.
  • Dragon Victory International Limited
  • Lexinfintech Holdings Ltd. Sponsored ADR Class A
  • Primax Electronics Ltd.
  • Zhejiang Publishing & Media Co., Ltd. Class A
Last Updated on 2 Dec, 2022

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