JD.com, Inc. (JD.com), a leading technology and service provider, reported its unaudited financial results for the third quarter ended September 30, 2024. The company saw a 5.1% increase in net revenues to RMB 260.4 billion compared to the same period in 2023. Income from operations rose by 29.5% to RMB 12.0 billion, with an operating margin of 4.6%. Net income attributable to ordinary shareholders surged by 47.8% to RMB 11.7 billion, and diluted net income per ADS increased by 54.6% to RMB 7.73. The company also announced a new US$5.0 billion share repurchase program through August 2027, having completed its previous repurchase program. JD.com's CEO Sandy Xu cited improved consumer sentiment and the company's role in China's trade-in program as factors contributing to the robust performance...Show More

JD.com, Inc. (JD.com), a leading technology and service provider, reported its unaudited financial results for the third quarter ended September 30, 2024. The company saw a 5.1% increase in net revenues to RMB 260.4 billion compared to the same period in 2023. Income from operations rose by 29.5% to RMB 12.0 billion, with an operating margin of 4.6%. Net income attributable to ordinary shareholders surged by 47.8% to RMB 11.7 billion, and diluted net income per ADS increased by 54.6% to RMB 7.73. The company also announced a new US$5.0 billion share repurchase program through August 2027, having completed its previous repurchase program. JD.com's CEO Sandy Xu cited improved consumer sentiment and the company's role in China's trade-in program as factors contributing to the robust performance. CFO Ian Su Shan highlighted the growth in electronics, home appliances, and general merchandise, as well as improved supply chain capabilities and operating efficiency. JD.com's expansion in the apparel and accessories business and the opening of flagship stores by luxury brands BALENCIAGA and SAINT LAURENT on its platform were also noted. The company's logistics division, JD Logistics, established a cooperation with Taobao and Tmall Group, integrating systems and offering services to a large number of merchants. JD.com's commitment to ESG was recognized with an improved score in the 2024 Standard & Poor's Global Corporate Sustainability Assessment.