JD.com reported net revenues of RMB291.4 billion in Q2 2024, up 1.2% YoY, with net service revenues increasing 6.3%. Non-GAAP net income reached a record high of RMB14.5 billion, surging 69% YoY, while operating margin improved to 4.0% from 3.0%. The company's gross margin expanded by 137bps to 15.8%.The company demonstrated strong cash generation with operating cash flow of RMB74.0 billion for the TTM period, up 40.9% YoY. During Q2, JD repurchased 136.8 million Class A shares for US$2.1 billion, representing approximately 4.5% of shares outstanding. The company also issued US$2.0 billion convertible senior notes due 2029.JD continued strengthening its retail ecosystem through strategic partnerships with major brands like Xiaomi, Lenovo and OPPO, while expanding luxury fashion offerings with MONCLER and Inditex. The company maintained focus on enhancing supply chain capabilities and user experience, leading to robust user base expansion and improved engagement in Q2.

JD.com reported net revenues of RMB291.4 billion in Q2 2024, up 1.2% YoY, with net service revenues increasing 6.3%. Non-GAAP net income reached a record high of RMB14.5 billion, surging 69% YoY, while operating margin improved to 4.0% from 3.0%. The company's gross margin expanded by 137bps to 15.8%.The company demonstrated strong cash generation with operating cash flow of RMB74.0 billion for the TTM period, up 40.9% YoY. During Q2, JD repurchased 136.8 million Class A shares for US$2.1 billion, representing approximately 4.5% of shares outstanding. The company also issued US$2.0 billion convertible senior notes due 2029.JD continued strengthening its retail ecosystem through strategic partnerships with major brands like Xiaomi, Lenovo and OPPO, while expanding luxury fashion offerings with MONCLER and Inditex. The company maintained focus on enhancing supply chain capabilities and user experience, leading to robust user base expansion and improved engagement in Q2.