JingDongIt rose more than 10% before trading, and its revenue and net profit in the fourth quarter were better than the market expected.

JD.com released Q4 and full-year results, showing that net revenue in the fourth quarter was 224.3 billion yuan, compared with 170.7 billion yuan in the same period last year, and the market estimated 219.52 billion yuan; after adjustment in the fourth quarter, the income per ADS was 1.49 yuan, and the market forecast was 1.24 yuan.

The annual revenue in 2020 is 745.8 billion yuan, and the market is expected to be 740.582 billion yuan, compared with 576.888 billion yuan last year; the net profit is 49.405 billion yuan, and the market is expected to be 25.146 billion yuan, compared with 12.184 billion yuan last year.

As of December 31, 2020, JD.com had 471.9 million active purchasing users in the past 12 months, an increase of 30.3% over the same period last year.

Liu Qiangdong, chairman of JD.com 's board and CEO, said that despite continuing market challenges, JD.com 's revenue and number of users accelerated in the fourth quarter driven by our long-term business philosophy and customer-centric value proposition.

Liu Qiangdong said that in 2021, JD.com will continue to optimize the organizational structure and invest in innovative, high-potential businesses to promote long-term sustainable growth.