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JD

🌎 global.jd.com

JD.com, also known as Jingdong, is a leading e-commerce company in China that is transitioning into a technology and service enterprise with a focus on supply chain management. It serves nearly 600 million customers and is recognized for its commitment to quality, authenticity, and competitive pricing. JD.com operates the largest fulfillment infrastructure in China, enabling rapid delivery of retail orders. The company has diversified its business across various sectors including retail, technology, logistics, healthcare, and international business.

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JD - Latest News and Updates

• JD reported third quarter 2024 revenues of US$37.1 billion and a non-GAAP net income of US$1.9 billion.
• JD's third-quarter net income increased by 48% to CNY11.7 billion, with net revenue rising 5.1% to CNY260.4 billion.
• On November 14, 2024, JD announced its unaudited financial results for the third quarter of 2024 and a new share repurchase program allowing up to $5 billion in buybacks over the next 36 months.
• On November 14, 2024, JD reported a 4.95% drop in its market cap to $49 billion following its Q3 2024 earnings call, with CEO Sandy Xu and CFO Ian Shan discussing the company's focus on supply chain capabilities and infrastructure to enhance user experience.
• JD showcased the Apollo, Ansty Park Logistics and Manufacturing Scheme in Coventry, featuring four new high-quality units rated BREEAM Excellent.

• JD CEO Sandy Xu stated that current macro policies are positively impacting consumption sentiment and are expected to improve economic fundamentals.
• JD's stock rose from -4% to +1% after CEO Sandy Xu discussed the government's new fiscal stimulus plan during a conference call.
• JD reported a more than 20% increase in shoppers during the 2024 Singles Day Grand Promotion, with livestream orders surging 3.8 times and transaction volumes for over 30,000 small and medium-sized merchants increasing by 200% year-over-year.
• JD is currently seeking a Category Manager - Home Living in the Netherlands.
• Jia Xu from JD shared insights from a job rotation experience supporting product shipping during Double 11, highlighting consumer behavior and company innovations.

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