EarningsJD Retail delivered robust revenue and earnings growth, with a 21% increase in revenue and 38% growth in operating profit year-over-year, surpassing market expectations.
Market PositionJD delivered a strong topline beat in 2Q, showcasing its leadership in 3C and home appliances and proving itself as the primary beneficiary of China’s trade-in program, with substantial outperformance versus the broader industry.
User GrowthUser growth remained a highlight, with quarterly active customers up over 40% year-over-year, driven by strong performance in JD Retail, food delivery, and Jingxi, as well as higher shopping frequency.