JD.com Q1 Revenues Up 16%, Food Delivery Nears 20M Daily Orders

Earnings Call
05-13

JD.com reported strong Q1 2025 results:
- Total revenues up 16% year-over-year to RMB 301 billion
- Electronics and home appliances revenues up 17%
- General merchandise revenues up 15%
- Marketplace and marketing revenues up 16%
- Non-GAAP net income up 43% to RMB 13 billion
- Non-GAAP net margin expanded 82 bps to 4.2%

Key highlights:
- Food delivery business scaling rapidly, approaching 20 million daily orders
- Over 1 million merchant stores onboarded for food delivery
- Strong user growth and engagement across retail platforms
- Continued focus on enhancing supply chain capabilities and user experience
- Investing in AI and automation across demand, supply and fulfillment
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.

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