Welcome to our dedicated page for Jd.Com news (Ticker: JD), a resource for investors and traders seeking the latest updates and insights on Jd.Com stock.
JD.com, Inc. (JD) is a leading Chinese e-commerce company recognized for its direct sales model and integrated logistics network. This page serves as a comprehensive source for official press releases and curated news coverage detailing JD's financial performance, strategic initiatives, and industry leadership.
Access real-time updates on quarterly earnings, supply chain advancements, partnership announcements, and regulatory developments impacting JD's position in global e-commerce markets. Content is organized to help stakeholders track operational milestones and technological innovations in fulfilment infrastructure.
Key updates include executive leadership changes, expansion into new markets, analyses of omnichannel retail strategies, and competitive responses to industry trends. All materials are sourced from verified corporate communications and trusted financial publications.
Bookmark this page for efficient monitoring of JD's corporate developments and third-party insights into its marketplace operations, logistics capabilities, and consumer engagement trends.
JD.com, Inc. (NASDAQ: JD) has announced it will release its unaudited financial results for the six months ended June 30, 2022, on August 23, 2022, before U.S. market opens. A conference call is scheduled for the same day at 8:00 AM ET to discuss these results. Interested parties are encouraged to register in advance for the call and access details will be provided. Additionally, an archived webcast will be available on the company's investor relations website following the call.
JD.com has renewed its strategic cooperation agreement with Tencent for three more years, enhancing their collaboration across various sectors such as communications, technology, and marketing. As part of the agreement, JD.com will issue up to $220 million in shares to Tencent, leveraging their partnership to improve user shopping experiences. This collaboration aims to solidify JD.com's position in the market while providing better service to customers.
Naspers Limited announced that Tencent declared a special interim dividend in the form of a distribution of JD.com shares. Prosus N.V., majority-owned by Naspers, received 131,873,028 JD.com shares, amounting to a 4% interest. Following the distribution, Prosus executed an orderly market disposal of these shares, concluding on June 24, 2022, generating proceeds of approximately US$3.67 billion. The carrying value of the JD.com shares, as of March 31, 2022, was around US$3.94 billion, with zero profit after tax for the fiscal year ending on that date.
On December 23, 2021, Tencent Holdings announced a special interim dividend in the form of Class A shares of JD.com, resulting in Prosus receiving approximately 131.87 million JD.com shares, an effective interest of 4%. The orderly disposal of these shares concluded on June 24, 2022, generating about US$3.67 billion in proceeds, which will support general corporate purposes. As of March 31, 2022, the carrying value of these shares was approximately US$3.94 billion, with no profit attributed for the fiscal year ending March 31, 2022.
JD.com has launched its annual 618 Grand Promotion, running from May 23 to June 20, 2022. The event, now China’s largest mid-year shopping festival, offers significant benefits for US merchants through its partnership with Shopify. JD will waive deposit and platform fees while providing marketing support such as exclusive traffic and promotional activities. The initiative aims to help US brands reach JD's 580 million Chinese customers. Notably, ColourPop reported a 550% month-on-month sales growth since joining this platform, underscoring the promotion's potential.
JD.com announced its annual general meeting of shareholders (AGM) scheduled for June 21, 2022, in Beijing. The AGM will not include proposals for shareholder approval but will provide a platform for discussions between management and shareholders. Shareholders of record as of May 19, 2022, are entitled to attend. Additionally, JD.com has filed its annual report on Form 20-F with the SEC, featuring audited financial statements for the fiscal year ending December 31, 2021, accessible via its investor relations website.
JD.com has launched its Green Impact Initiative to promote sustainable consumption through green-labeled products. Starting from the 618 Grand Promotion on May 31, 2022, one million products will be available, making it easier for consumers to choose environmentally friendly options. Customers will earn green credits through purchases, redeemable for rewards. The initiative also includes reusable delivery boxes. JD aims to cut carbon emissions by 50% by 2030 and has previously saved over 2 billion carton boxes annually through its Green Stream Initiative.
JD.com reported unaudited financial results for Q1 2022, highlighting a 18.0% increase in net revenues, reaching RMB239.7 billion (US$37.8 billion). Net service revenues surged 26.3% to RMB35.2 billion (US$5.6 billion). Operating income saw a 41.2% increase to RMB2.4 billion (US$0.4 billion). However, the company recorded a net loss of RMB3.0 billion (US$0.5 billion) compared to a net income of RMB3.6 billion in Q1 2021. Active customer accounts rose 16.2% to 580.5 million, despite challenges posed by the external environment.
JD.com has been identified under the Holding Foreign Companies Accountable Act by the SEC as a Commission-Identified Issuer due to audit inspection issues. The SEC's identification follows JD.com's filing of its annual report for the fiscal year ended December 31, 2021. This identification indicates that JD.com used an auditor whose working papers cannot be inspected by the PCAOB. While this poses a risk, the company is actively seeking solutions to maintain its listing on Nasdaq and the Hong Kong Stock Exchange.
FAQ
What is the current stock price of Jd.Com (JD)?
What is the market cap of Jd.Com (JD)?
