Strong Revenue Growth
JD.com reported total revenues up 15% year-on-year, maintaining double-digit growth momentum, with a notable 19% growth in general merchandise and a 24% increase in marketplace and marketing revenues.
User Base and Engagement Surge
Quarterly active customers increased by over 40% year-on-year, with annual active customers exceeding 700 million. User shopping frequency also rose by over 40%.
Core Retail Margin Expansion
JD Retail achieved a 11% revenue increase and saw expansions in both gross and operating margins. Non-GAAP operating income for JD Retail was up 28% year-on-year.
AI and New Business Initiatives
JD launched new AI products like TaTaTa and JoyInside, and saw progress in new business segments such as JD Food Delivery, which achieved double-digit quarter-on-quarter GMV growth.