Record-Breaking Quarter for JD.com

In an impressive display of growth, JD.com Inc., the Chinese e-commerce powerhouse, announced a 13.4% increase in net revenue for the fourth quarter of fiscal 2024, reaching a staggering 347.0 billion yuan (~$147.5 billion). This marks a significant upturn from the previous year's figures, showcasing the company's robust performance in a competitive market.

Financial Highlights

The company reported a diluted net income per American depositary share (ADS) of 6.47 yuan or $0.89, a substantial rise from 2.13 yuan in the same period last year. Operational income also saw a remarkable increase, jumping to 8.5 billion yuan or $1.2 billion from 2 billion yuan in the previous year. For the entire fiscal year, net revenues climbed 6.8% to 1.2 trillion yuan or $158.8 billion, with diluted net income per ADS increasing from 15.23 yuan to 28.86 yuan or $3.68.

CEO's Statement

"We are thrilled to share a strong quarter to conclude 2024, buoyed by a resurgence in consumer spending. Our top-line growth has rebounded to double digits year-on-year, and our bottom line has also seen healthy expansion. Furthermore, the majority of our product categories, along with key metrics such as quarterly active users and shopping frequency, experienced robust double-digit growth year-on-year in Q4, underscoring our increasing mindshare among consumers," stated CEO Sandy Xu. Following the announcement, JD.com's Nasdaq-listed shares surged by 6.56% to $46.63 each at 4:39 am ET.