JD.com Files Its Annual Report on Form 20-F
Rhea-AI Summary
JD.com (NASDAQ: JD; HKEX: 9618 / 89618) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the SEC on April 16, 2026 U.S. Eastern Time. The Hong Kong Annual Report for the same year was published concurrently under HKEx rules.
Both reports contain substantially the same information and are available on the company's investor relations website and HKEx news site. Shareholders and ADS holders may request free copies of the audited consolidated financial statements from Investor Relations.
Positive
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Negative
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News Market Reaction – JD
On the day this news was published, JD declined 0.44%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
JD gained 0.7% with several internet retail peers also positive: CPNG +2.6%, MELI +0.75%, DASH +8.53%, SE +4.43%, and EBAY modestly higher.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 10 | Debt offering completion | Neutral | +2.1% | Completion of CNY10B senior unsecured notes offering and HKEX listing plan. |
| Apr 01 | Debt pricing | Neutral | -1.4% | Pricing of CNY10B notes split between 2031 and 2036 maturities. |
| Mar 30 | Proposed notes issue | Neutral | +2.2% | Announcement of proposed offshore CNY-denominated senior notes offering. |
| Mar 05 | Earnings and dividend | Positive | +0.3% | Q4 and FY 2025 results, annual dividend, and sizeable share repurchases. |
| Feb 20 | Earnings date set | Neutral | +0.5% | Scheduling of Q4 and full-year 2025 earnings release and conference call. |
Recent debt offerings, earnings, and corporate actions have generally produced modest, directionally aligned price moves without extreme volatility.
Over the last few months, JD.com has focused on financing and capital returns. It proposed, priced, and completed a CNY10 billion senior notes issuance across tranches due 2031 and 2036, with mixed but modest price reactions around ±2%. Earlier, JD reported Q4 and full-year 2025 results with net revenues of RMB352.3B for Q4 and RMB1,309.1B for 2025, plus a US$1.0 per ADS annual dividend and about US$3.0B in 2025 share repurchases. The current 20-F filing formalizes these disclosed results and governance details.
Market Pulse Summary
This announcement formalizes JD.com’s 2025 audited results and disclosures via its Form 20-F and Hong Kong annual report, consolidating information already signaled in prior earnings and regulatory filings. Investors may focus on the detailed financials, risk factors, and capital allocation discussion, especially given recent bond offerings and large buybacks. Key items to watch include any changes in auditor notes, segment performance breakdowns, and updates to risk disclosures compared with earlier communications.
Key Terms
Form 20-F regulatory
ADS financial
AI-generated analysis. Not financial advice.
BEIJING, April 16, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company”), a leading supply chain-based technology and service provider, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on April 16, 2026 U.S. Eastern Time. The annual report can be accessed on the Company’s investor relations website at http://ir.jd.com.
The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations, JD.com, Inc., 20th Floor, Building A, No. 18 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing 101111, People’s Republic of China.
The Company also published an annual report for the year ended December 31, 2025 (the "Hong Kong Annual Report") today pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEx"). The Hong Kong Annual Report contains substantially the same information as set forth in the Form 20-F and can be accessed on the Company's investor relations website at http://ir.jd.com as well as the HKEx's website at http://www.hkexnews.hk.
About JD.com
JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.
For investor and media inquiries, please contact:
Investor Relations
Sean Zhang
+86 (10) 8912-6804
IR@JD.com
Media Relations
+86 (10) 8911-6155
Press@JD.com
