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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 HKDUSD
Revenue654,143.35M83,487.78M
Gross Profit94,355.56M12,042.52M
Operating income5,794.50M739.54M
Income before tax17,497.18M2,233.15M
Net income13,815.81M1,763.30M
EBITDA12,464.61M1,590.84M
Diluted EPS4.480.57
Dividends Per Share----
Total Assets290,525.74M37,286.08M
Total liabilities177,967.93M22,840.41M
Total equity91,563.71M11,751.29M
Operating cash flow27,970.23M3,569.81M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 223,599.73M 301,790.75M 417,799.99M 547,241.10M 654,143.35M
Gross Profit 29,932.99M 39,429.81M 56,543.83M 75,979.91M 94,355.56M
Operating income -4,589.60M -1,462.45M -963.37M -3,075.80M 5,794.50M
Income before tax -7,745.13M 1,051.58M 2,361.15M -1,493.09M 17,497.18M
Net income -11,234.46M -2,337.35M 134.70M -2,951.22M 13,815.81M
EBITDA -1,396.49M 2,477.17M 3,773.86M 3,295.29M 12,464.61M
Diluted EPS -3.65 -1.44 -0.05 -0.95 4.48
Dividends Per Share -- -- -- -- --
Total Assets 101,466.07M 178,919.33M 220,947.92M 238,522.63M 290,525.74M
Total liabilities 64,800.53M 132,932.84M 158,058.15M 150,911.11M 177,967.93M
Total equity 36,501.03M 37,812.32M 62,472.15M 68,160.25M 91,563.71M
Operating cash flow 3,420.38M 9,628.20M 30,968.13M 24,733.08M 27,970.23M
 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 -0.47 -0.18 -0.00 -0.12 0.57
Dividends Per Share -- -- -- -- --
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--
ROA5.22%
ROE17.29%
Operating margin0.88%
Profit margin2.11%

Key executives

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

Shareholders

  • Tencent Holdings Ltd. (19.8%)
  • Walmart, Inc. (10.8%)
  • LIU QIANG DONG (0.5%)
  • Fidelity Management & Research Co. LLC (0.3%)
  • Ninety One UK Ltd. (0.1%)
  • FIL Investment Management (Hong Kong) Ltd. (0.1%)
  • BlackRock Asset Management North Asia Ltd. (0.0%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.0%)
  • Baillie Gifford & Co. (0.0%)
  • The Vanguard Group, Inc. (0.0%)

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

  • 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.
  • Jingdong Express Group Corp.
  • 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.
  • Chongqing Jingdong Haijia E-Commerce Co., Ltd.
  • Farfetch (Shanghai) E-Commerce Co., Ltd.
  • JD.com International Singapore Pte Ltd.
  • Jiangsu Jingdong Information Technology Co., Ltd.
  • Guangzhou Jingdong Trading 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
  • Haier Electronics Group Co., Ltd.
  • 111, Inc. Sponsored ADR Class A
  • BEST, Inc. Sponsored ADR Class A
  • Com7 Public Co. Ltd.
  • Fincera Inc
  • NetEase, Inc
  • Prosus N.V. Class N
  • Seven & I Holdings Co., Ltd.
  • China Finance Online Co., Ltd. Sponsored ADR
  • 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.
Last Updated on 22 Oct, 2020

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