Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
China Brands

JD.com reports revenue of RMB745.8 bln in 2020

March 12, 2021


Abstract : E-commerce giant JD.com reported revenues of 745.8 billion yuan (about 114.3 billion U.S. dollars) for the full year of 2020, a year-on-year increase of 29.3 percent, according to the company's filing to the stock exchanges on Thursday.

JD.com.png

A screen showing the listing of JD.com in Hong Kong is seen outside the trading hall of Hong Kong Exchanges and Clearing Limited (HKEX) in south China's Hong Kong, June 18, 2020. (Xinhua/Wang Shen)

BEIJING, March 12 (Xinhua) -- E-commerce giant JD.com reported revenues of 745.8 billion yuan (about 114.3 billion U.S. dollars) for the full year of 2020, a year-on-year increase of 29.3 percent, according to the company's filing to the stock exchanges on Thursday. 

Its service revenues in 2020 netted 93.9 billion yuan, an increase of 42.0 percent from those in 2019. Operating Income stood at 12.3 billion yuan, compared with the 9.0 billion yuan in 2019. 

In the fourth quarter of 2020, its operating income was 594.9 million yuan, compared with the 529.5 million yuan in the same period in 2019. Net revenues came to 224.3 billion yuan, an increase of 31.4 percent year on year. Net service revenues stood at 32.1 billion yuan, an increase of 53.2 percent year on year. 

"JD.com saw accelerated revenue and user growths during the fourth quarter driven by our long-term operating philosophy and customer-centered value proposition despite the ongoing market challenges," said Richard Liu, chairman and CEO of JD.com. 

"With a strong momentum going into 2021 and with our recently optimized organizational structure, JD.com will continue to invest in innovative, high potential businesses to drive long-term sustainable growth," Liu added. 

JD.com went public in Nasdaq in 2014 and finished its secondary listing in Hong Kong in June 2020. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: JD.com

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial