JD.com posts strong results in 2022

JD.com, the Chinese ecommerce company and technology provider, has unveiled strong 2022 financial results. JD.com announced both an April dividend payment for its shareholders and landmark social initiatives.


A strong final quarter concluding a strong 2022 fiscal year is what the latest figures from JD.com show. For all of last year, the Chinese online retailer reported net revenues of $151.7 billion, an increase of 9.9 percent over the full 2021 year. However, net revenue from products grew more modestly (+6.1%), than services (+33.3%).


Operating revenue in 2022 was $2.9 billion, and non-GAAP operating revenue was $4 billion, compared to $1.9 billion in 2021. Non-GAAP EBITDA increased 79.6 percent to $4.9 billion.


Net income attributable to common shareholders was $1.5 billion. The company’s loss, primarily due to an impairment on cash at certain companies, was $300 million versus $700 million in 2021.


Cost of revenue increased 9.3 percent to $130.4 billion. Implementation costs rose 6.7 percent to $9.1 billion and research and development costs were $2.4 billion.


“Although 2022 posed many challenges for JD.com and China as a whole, we achieved strong operational results and surpassed RMB 1 trillion ($145 billion) in annual revenue for the first time”, said Lei Xu, CEO of JD.com.


Strong final quarter



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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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