JD.com, Inc. (NASDAQ: JD), a leading technology and service provider, reported its unaudited financial results for the first quarter of 2024 on May 16, 2024. The company saw a 7.0% increase in net revenues to RMB260.0 billion (US$36.0 billion) compared to the first quarter of 2023. Income from operations rose to RMB7.7 billion (US$1.1 billion), and net income attributable to ordinary shareholders increased to RMB7.1 billion (US$1.0 billion). Non-GAAP measures also showed growth, with non-GAAP income from operations at RMB8.9 billion (US$1.2 billion) and non-GAAP net income attributable to ordinary shareholders at RMB8.9 billion (US$1.2 billion). Diluted net income per ADS was RMB4.53 (US$0.63), a 15.3% increase from the previous year. The company's CEO, Sandy Xu, expressed confidence in JD's momentum and commitment to value creation...Show More

JD.com, Inc. (NASDAQ: JD), a leading technology and service provider, reported its unaudited financial results for the first quarter of 2024 on May 16, 2024. The company saw a 7.0% increase in net revenues to RMB260.0 billion (US$36.0 billion) compared to the first quarter of 2023. Income from operations rose to RMB7.7 billion (US$1.1 billion), and net income attributable to ordinary shareholders increased to RMB7.1 billion (US$1.0 billion). Non-GAAP measures also showed growth, with non-GAAP income from operations at RMB8.9 billion (US$1.2 billion) and non-GAAP net income attributable to ordinary shareholders at RMB8.9 billion (US$1.2 billion). Diluted net income per ADS was RMB4.53 (US$0.63), a 15.3% increase from the previous year. The company's CEO, Sandy Xu, expressed confidence in JD's momentum and commitment to value creation. CFO Ian Su Shan highlighted the company's solid financial results, accelerated revenue growth, and healthy profitability. JD.com also continued its share repurchase program, buying back 98.3 million Class A ordinary shares for US$1.3 billion from January 1, 2024, to May 15, 2024. The company is approaching its 10th anniversary of listing on Nasdaq, with significant growth over the past decade in revenues, net income, and job creation. JD.com's business highlights included the introduction of an AI digital representative of its founder in livestreaming rooms, partnerships in JD Health, and JD Logistics' support for Chinese brands expanding overseas.