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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 2020 USD
Revenue108,052.24M108,052.24M
Gross Profit15,620.37M15,620.37M
Operating income1,549.36M1,549.36M
Income before tax6,740.92M6,740.92M
Net income7,157.85M7,157.85M
EBITDA2,510.94M2,510.94M
Diluted EPS4.584.58
Dividends Per Share----
Total Assets64,571.97M64,571.97M
Total liabilities30,684.22M30,684.22M
Total equity28,677.22M28,677.22M
Operating cash flow6,163.84M6,163.84M
Currency in USDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 38,878.25M 53,613.47M 69,823.02M 83,487.78M 108,052.24M
Gross Profit 5,079.55M 7,255.89M 9,694.35M 12,042.52M 15,620.37M
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 2,510.94M
Diluted EPS -0.37 -0.01 -0.24 1.14 4.58
Dividends Per Share 0 0 0 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 6,163.84M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 38,878.25M 53,613.47M 69,823.02M 83,487.78M 108,052.24M
Gross Profit 5,079.55M 7,255.89M 9,694.35M 12,042.52M 15,620.37M
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 2,510.94M
Diluted EPS -0.37 -0.01 -0.24 1.14 4.58
Dividends Per Share 0 0 0 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 6,163.84M

Valuation Measures

Dec 2020
PER18.55
ROA14.05%
ROE35.40%
Operating margin1.43%
Profit margin6.62%

Key executives

  • Chairman & Chief Executive Officer: Qiang Dong Liu
  • Director-Strategy & Operations: Nan Li
  • Chief Financial Officer, Senior VP & CFO-JD Retail: Ran Xu
  • Senior Vice President: Sheng Li Hu
  • Vice President: Chen Kai Ling

Shareholders

  • Tiger Global Management LLC (3.8%)
  • BlackRock Fund Advisors (1.9%)
  • The Vanguard Group, Inc. (1.9%)
  • D1 Capital Partners LP (1.5%)
  • Invesco Advisers, Inc. (1.4%)
  • SSgA Funds Management, Inc. (1.2%)
  • Fidelity Management & Research Co. LLC (1.2%)
  • Hillhouse Capital Advisors Ltd. (1.0%)
  • TRG Investments LLC (0.9%)
  • Norges Bank Investment Management (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

  • 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.
  • Beijing Jingdong Century Information Technology Co. Ltd.

Competitors

  • Alibaba Group Holding Ltd.
  • Yonghui Superstores Co., Ltd. Class A
  • Sun Art Retail Group Limited
  • Vipshop Holdings Ltd Sponsored ADR
  • Chongqing Department Store Co. Ltd. Class A
  • Dashang Co., Ltd. Class A
  • GOME Retail Holdings Limited
  • Suning.com Co., Ltd. Class A
  • Shanghai Bailian Group Co., Ltd. Class B
  • Jowell Global Ltd.
  • Ozon Holdings Plc Sponsored ADR
  • Wunong Net Technology Co. Ltd.
  • 111, Inc. Sponsored ADR Class A
  • BEST, Inc. Sponsored ADR Class A
  • Com7 Public Co. Ltd.
  • Fincera Inc
  • Prosus N.V. Class N
  • Seven & I Holdings Co., Ltd.
  • China Finance Online Co., Ltd. Sponsored ADR
  • Essence Information Technology Co., Ltd. Class A
  • FinVolution Group Sponsored ADR Class A
  • Giglio Group SpA
  • Lexinfintech Holdings Ltd. Sponsored ADR Class A
  • OneConnect Financial Technology Co Ltd Sponsored ADR
  • Primax Electronics Ltd.
  • Stealth Global Holdings Ltd.
Last Updated on 13 Apr, 2021

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