Aug 19, 2020|
JD Earnings: Is the “JAT” Era Coming?
by Vivian Yang
According to JD’s second quarter earnings report released on August 17th, the company delivered a solid financial and operating results: net revenue grew by 33.8% to USD 28.5 billion, the highest growth rate for the past 10 quarters.
The second quarter’s revenue performance is primarily led by the successful 618 Grand Promotion, the largest nationwide mid-year shopping festival initiated by JD.com 17 years ago. In the quarter, the general merchandise category registered a record high growth rate of 45%, as people continue to shop with JD online after the coronavirus period, with growing dependence on its supermarket and healthcare products.
Continued revenue growth in recent years demonstrates the unique advantage of JD’s business model based on supply chain ability and the economies of scale realized after years of investment.
By virtue of such significant revenue growth, JD is making steadily climbing up the Fortune Global 500 list. The company is ranked 102nd on the list of 2020, up by 37 places compared with last year, marking its fifth consecutive year on the list as the largest “retail and internet service” company in China, ahead of the two Chinese tech titans Alibaba and Tencent.
This has inspired Fortune magazine to coin a term, “JAT”, referring to the three most prominent Chinese technology companies, JD.com, Alibaba and Tencent, who keep on transforming and growing against all odds and uncertainty arising in the past year.
Revenue is the key measurement for the Fortune Global 500. This is believed to be a stable measurement method to reflect the overall performance of a company over a longer period of time. In addition, an overview of worldwide companies by revenue can help people get a glimpse on the rise of falls in different industries.
Nov 14, 2024|
JD.com Announces Third Quarter 2024 Results
On November 14, JD.com announced its unaudited financial results for the three months ended September 30, 2024.
Read our full report here.
Sep 7, 2024|
Moody’s Upgrades JD.com to A3 Rating, Citing Resilient E-commerce Business Model Operations and Supply Chain Capabilities
On September 4th, Moody’s Ratings updated JD.com’s issuer and senior unsecured ratings to A3 from Baa1 and revised the outlook to stable. This marks the third time Moody’s has upgraded the company’s rating since 2016.
“The ratings upgrade and stable outlook reflect JD.com’s leading market position in China’s e-commerce market with a unique and resilient business model, supported by deep supply-chain capability and economies of scale as well as its prudent financial policy that underpins low leverage and a solid net cash position,” Shawn Xiong, a Moody’s Ratings Vice President and Senior Analyst.
Moody’s anticipates that JD’s core retail business will experience steady to moderate revenue growth over the next 12-18 months, thanks to its expanding third-party marketplace business (3P) and an increase in the number of 3P merchants, along with a growing revenue share from JD Logistics.
Moreover, the ratings agency expects margins to remain stable during this period, driven by efficient cost control, improved operational efficiency, and ongoing product category optimization. JD’s second-quarter earnings report disclosed that its Non-GAAP net margin reached 5% for the first time, influenced by a gross margin expansion to a record level of 15.8% in the quarter, reflecting enhancements across nearly every category.
(vivian.yang@jd.com)
JD Earnings: Revenue Champion Category is FMCG and Fresh Produce
Aug 6, 2024
JD.com Ranks #47 on 2024 Fortune Global 500
