Summary by Futu AI
JD.com, Inc. (NASDAQ: JD), a leading technology and service provider in supply chain and e-commerce, reported its unaudited financial results for the second quarter and interim of 2024. The company saw a 1.2% year-over-year increase in net revenues, reaching RMB291.4 billion (US$40.1 billion). Income from operations rose to RMB10.5 billion (US$1.4 billion), marking a 27.0% increase from the previous year. Net income attributable to ordinary shareholders significantly increased by 92.1% to RMB12.6 billion (US$1.7 billion). The company also reported a robust operating cash flow of RMB74.0 billion (US$10.2 billion), a 40.9% increase from the previous year, and a free cash flow of RMB55.6 billion (US$7.7 billion), up by 66.2%. JD.com's share repurchase program was active, with a total of 136.8 million Class A ordinary shares repurchased...Show More