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. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services. The JD Logistics segment includes internal and external logistics businesses. The New Businesses segment is composed of JD Property, Jingxi, overseas businesses and technology initiatives. The company was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.
Financial Highlights
| Dec 2021 | HKD | USD |
| Revenue | 1,146.86B | 147,548.32M |
| Gross Profit | 153,759.60M | 19,781.65M |
| Operating income | 4,066.38M | 523.15M |
| Income before tax | 2,817.78M | 362.51M |
| Net income | -4,290.55M | -551.99M |
| EBITDA | 11,884.58M | 1,528.98M |
| Diluted EPS | -1.38 | -0.17 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 607,359.94M | 77,903.61M |
| Total liabilities | 305,477.56M | 39,182.37M |
| Total equity | 255,553.64M | 32,778.83M |
| Operating cash flow | 45,943.84M | 5,910.82M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 417,799.99M | 547,241.10M | 654,143.35M | 838,052.63M | 1,146.86B |
| Gross Profit | 56,543.83M | 75,979.91M | 94,355.56M | 121,151.37M | 153,759.60M |
| Operating income | -963.37M | -3,075.80M | 5,794.50M | 12,016.85M | 4,066.38M |
| Income before tax | 2,361.15M | -1,493.09M | 17,497.18M | 52,282.57M | 2,817.78M |
| Net income | 134.70M | -2,951.22M | 13,815.81M | 55,516.32M | -4,290.55M |
| EBITDA | 3,773.86M | 3,295.29M | 12,464.61M | 19,130.00M | 11,884.58M |
| Diluted EPS | -0.05 | -0.95 | 4.48 | 17.79 | -1.38 |
| Dividends Per Share | -- | -- | -- | 0 | 0 |
| Total Assets | 220,947.92M | 238,522.63M | 290,525.74M | 500,681.39M | 607,359.94M |
| Total liabilities | 158,058.15M | 150,911.11M | 177,967.93M | 237,920.85M | 305,477.56M |
| Total equity | 62,472.15M | 68,160.25M | 91,563.71M | 222,358.87M | 255,553.64M |
| Operating cash flow | 30,968.13M | 24,733.08M | 27,970.23M | 47,456.84M | 45,943.84M |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 53,613.47M | 69,823.02M | 83,487.78M | 108,052.23M | 147,548.32M |
| Gross Profit | 7,255.89M | 9,694.35M | 12,042.52M | 15,620.35M | 19,781.65M |
| Operating income | -123.62M | -392.44M | 739.54M | 1,549.36M | 523.15M |
| Income before tax | 302.99M | -190.50M | 2,233.15M | 6,740.92M | 362.51M |
| Net income | 17.28M | -376.54M | 1,763.30M | 7,157.85M | -551.99M |
| EBITDA | 484.27M | 420.44M | 1,590.84M | 2,466.47M | 1,528.98M |
| Diluted EPS | -0.00 | -0.12 | 0.57 | 2.29 | -0.17 |
| Dividends Per Share | -- | -- | -- | 0 | 0 |
| Total Assets | 28,263.96M | 30,465.19M | 37,286.08M | 64,571.97M | 77,903.61M |
| Total liabilities | 20,219.02M | 19,275.05M | 22,840.41M | 30,684.22M | 39,182.37M |
| Total equity | 7,991.52M | 8,705.73M | 11,751.29M | 28,677.22M | 32,778.83M |
| Operating cash flow | 3,973.93M | 3,155.71M | 3,569.81M | 6,118.73M | 5,910.82M |
Valuation Measures
| Dec 2021 | |
| PER | -- |
| ROA | -0.77% |
| ROE | -1.79% |
| Operating margin | 0.35% |
| Profit margin | -0.37% |
Key executives
- President, CEO & Executive Director: Lei Xu
- Director-Strategy & Operations: Nan Li
- Chief Financial Officer: Ran Xu
- Chief Compliance Officer: Cheng Feng He
- Senior Vice President: Sheng Li Hu
Shareholders
- Walmart, Inc. (10.8%)
- The Vanguard Group, Inc. (2.7%)
- Tencent Holdings Ltd. (2.6%)
- BlackRock Fund Advisors (1.9%)
- Krane Funds Advisors LLC (0.7%)
- Baillie Gifford & Co. (0.6%)
- JPMorgan Asset Management (Asia Pacific) Ltd. (0.6%)
- FIL Investment Management (Hong Kong) Ltd. (0.6%)
- JPMorgan Asset Management (UK) Ltd. (0.5%)
- First Sentier Investors (Hong Kong) Ltd. (0.5%)
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
- Wuhan Jindong Jinde Trading Co., Ltd.
- Tianjin Huihe Haihe Intelligent Logistics Industry Fund Partne
- 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.
- 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.
- Prosus N.V. Class N
- Mobix Corp.
- Global Top E-Commerce Co. Ltd. Class A
- Meiwu Technology Company Limited
- 111, Inc. Sponsored ADR Class A
- ZTO Express (Cayman), Inc. Class A
- BEST Inc. Sponsored ADR Class A
- Jowell Global Ltd.
- Fincera Inc
- Jiangsu Hongtu High Technology Co. Ltd. Class A
- 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
- Primax Electronics Ltd.
- Zhejiang Publishing & Media Co., Ltd. Class A
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