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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 JD Retail and New Businesses segments. The JD Retail segment offers online retail, online marketplace, and marketing services. The New Businesses segment comprises of logistic services provided to third parties, overseas business, and technology initiatives; asset management services to logistics property investors; and sale of development properties by JD Property. The company was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.

Financial Highlights

Dec 2020 HKDUSD
Revenue838,052.63M108,052.23M
Gross Profit121,151.37M15,620.35M
Operating income12,016.85M1,549.36M
Income before tax52,282.57M6,740.92M
Net income55,516.32M7,157.85M
EBITDA19,130.00M2,466.47M
Diluted EPS17.792.29
Dividends Per Share00
Total Assets500,681.39M64,571.97M
Total liabilities237,920.85M30,684.22M
Total equity222,358.87M28,677.22M
Operating cash flow47,456.84M6,118.73M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 301,790.75M 417,799.99M 547,241.10M 654,143.35M 838,052.63M
Gross Profit 39,429.81M 56,543.83M 75,979.91M 94,355.56M 121,151.37M
Operating income -1,462.45M -963.37M -3,075.80M 5,794.50M 12,016.85M
Income before tax 1,051.58M 2,361.15M -1,493.09M 17,497.18M 52,282.57M
Net income -2,337.35M 134.70M -2,951.22M 13,815.81M 55,516.32M
EBITDA 2,477.17M 3,773.86M 3,295.29M 12,464.61M 19,130.00M
Diluted EPS -1.44 -0.05 -0.95 4.48 17.79
Dividends Per Share -- -- -- -- 0
Total Assets 178,919.33M 220,947.92M 238,522.63M 290,525.74M 500,681.39M
Total liabilities 132,932.84M 158,058.15M 150,911.11M 177,967.93M 237,920.85M
Total equity 37,812.32M 62,472.15M 68,160.25M 91,563.71M 222,358.87M
Operating cash flow 9,628.20M 30,968.13M 24,733.08M 27,970.23M 47,456.84M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 38,878.25M 53,613.47M 69,823.02M 83,487.78M 108,052.23M
Gross Profit 5,079.55M 7,255.89M 9,694.35M 12,042.52M 15,620.35M
Operating income -188.40M -123.62M -392.44M 739.54M 1,549.36M
Income before tax 135.47M 302.99M -190.50M 2,233.15M 6,740.92M
Net income -301.11M 17.28M -376.54M 1,763.30M 7,157.85M
EBITDA 319.12M 484.27M 420.44M 1,590.84M 2,466.47M
Diluted EPS -0.18 -0.00 -0.12 0.57 2.29
Dividends Per Share -- -- -- -- 0
Total Assets 23,076.98M 28,263.96M 30,465.19M 37,286.08M 64,571.97M
Total liabilities 17,145.65M 20,219.02M 19,275.05M 22,840.41M 30,684.22M
Total equity 4,877.02M 7,991.52M 8,705.73M 11,751.29M 28,677.22M
Operating cash flow 1,240.35M 3,973.93M 3,155.71M 3,569.81M 6,118.73M

Valuation Measures

Dec 2020
PER18.61
ROA14.03%
ROE35.36%
Operating margin1.43%
Profit margin6.62%

Key executives

  • Chairman & Chief Executive Officer: Qiang Dong Liu
  • President: Lei Xu
  • Director-Strategy & Operations: Nan Li
  • Chief Financial Officer: Ran Xu
  • Chief Compliance Officer: Cheng Feng He

Shareholders

  • Tencent Holdings Ltd. (19.8%)
  • Walmart, Inc. (10.8%)
  • APG Asset Management NV (0.3%)
  • Capital Research & Management Co. (World Investors) (0.3%)
  • BlackRock Fund Advisors (0.3%)
  • JPMorgan Asset Management (UK) Ltd. (0.2%)
  • Hermes Investment Management Ltd. (0.2%)
  • Schroder Investment Management (Hong Kong) Ltd. (0.2%)
  • FIL Investment Management (Hong Kong) Ltd. (0.2%)
  • Baillie Gifford & Co. (0.2%)

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 Property Group Corp
  • 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.
  • Xi'an Jingdong Xincheng Information Technology 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.

Competitors

  • Alibaba Group Holding Ltd.
  • Global Top E-Commerce Co. Ltd. Class A
  • Wunong Net Technology Co. Ltd.
  • 111, Inc. Sponsored ADR Class A
  • ZTO Express (Cayman) Inc. Class A
  • BEST Inc. Sponsored ADR Class A
  • Jowell Global Ltd.
  • Fincera Inc
  • Prosus N.V. Class N
  • Seven & I Holdings Co., Ltd.
  • China Finance Online Co., Ltd. Sponsored ADR
  • Dragon Victory International Limited
  • Lexinfintech Holdings Ltd. Sponsored ADR Class A
  • OneConnect Financial Technology Co Ltd Sponsored ADR
  • Primax Electronics Ltd.
  • Stealth Global Holdings Ltd.
Last Updated on 20 Sep, 2021

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