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 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 | HKD | USD |
| Revenue | 838,052.63M | 108,052.23M |
| Gross Profit | 121,151.37M | 15,620.35M |
| Operating income | 12,016.85M | 1,549.36M |
| Income before tax | 52,282.57M | 6,740.92M |
| Net income | 55,516.32M | 7,157.85M |
| EBITDA | 19,130.00M | 2,466.47M |
| Diluted EPS | 17.79 | 2.29 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 500,681.39M | 64,571.97M |
| Total liabilities | 237,920.85M | 30,684.22M |
| Total equity | 222,358.87M | 28,677.22M |
| Operating cash flow | 47,456.84M | 6,118.73M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 | |
| PER | 18.61 |
| ROA | 14.03% |
| ROE | 35.36% |
| Operating margin | 1.43% |
| Profit margin | 6.62% |
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.
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Last Updated on 20 Sep, 2021
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