From GlobeNewswire: 2024-05-16 06:00:00

JD.com announced its financial results for Q1 2024, with net revenues of RMB260.0 billion, a 7.0% increase from Q1 2023. Income from operations was RMB7.7 billion, with net income of RMB7.1 billion. The company repurchased 98.3 million Class A ordinary shares in Q1. JD.com will celebrate its 10th anniversary of listing on Nasdaq on May 22, 2024, showing significant growth and value creation over the past decade.

JD.com introduced an AI digital representative of founder Richard Qiangdong Liu in its livestreaming rooms, attracting over 20 million views. JD Health partnered with pharmaceutical companies like Pfizer and Sanofi to launch new drugs online. JD Logistics is helping Chinese brands expand globally, providing one-stop services to companies like MINISO in Australia and Malaysia.

Driven by their commitment to creating jobs and contributing to society, JD.com spent RMB106.6 billion on human resources in the past year. In Q1 2024, net revenues increased by 7.0% to RMB260.0 billion, with net product revenues rising by 6.6% and net service revenues up by 8.8%. The Company’s focus on execution led to improved operational efficiencies, reflected in solid financial results for the quarter.



Read more at GlobeNewswire:: JD.com Announces First Quarter 2024 Results