Retail Trade
JD.com, Inc.
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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 | |
| Revenue | 83,487.78M | 83,487.78M |
| Gross Profit | 12,042.52M | 12,042.52M |
| Operating income | 739.54M | 739.54M |
| Income before tax | 2,233.15M | 2,233.15M |
| Net income | 1,763.30M | 1,763.30M |
| EBITDA | 1,590.84M | 1,590.84M |
| Diluted EPS | 1.18 | 1.18 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 37,286.08M | 37,286.08M |
| Total liabilities | 22,840.41M | 22,840.41M |
| Total equity | 11,751.29M | 11,751.29M |
| Operating cash flow | 3,569.81M | 3,569.81M |
| Currency in USD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 | |
| PER | 29.09 |
| ROA | 5.20% |
| ROE | 17.23% |
| Operating margin | 0.88% |
| Profit margin | 2.11% |
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.
- 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.
- Dingri Network Technology Shanghai Co. Ltd./Minitiao Website/
Competitors
- Alibaba Group Holding Ltd.
- Shanghai Bailian Group Co., Ltd. Class B
- Yonghui Superstores Co., Ltd. Class A
- Sun Art Retail Group Limited
- Suning.com Co., Ltd. Class A
- Vipshop Holdings Ltd Sponsored ADR
- Chongqing Department Store Co. Ltd. Class A
- Dashang Co., Ltd. Class A
- GOME Retail Holdings Limited
- Haier Electronics Group Co., Ltd.
- 111, Inc. Sponsored ADR Class A
- BEST, Inc. Sponsored ADR Class A
- Fincera Inc
- Jiangsu Hongtu High Technology Co. Ltd. Class A
- NetEase, Inc
- 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
- Primax Electronics Ltd.
- Shanghai East-China Computer Co., Ltd. Class A
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Last Updated on 2 Jul, 2020