
On March 6, Beijing time, JD.com Group released its fourth quarter and annual results for 2024.
In 2024, JD.com’s full-year revenue will be RMB1,158.8 billion (approximately US$158.8 billion). Revenue in the fourth quarter was RMB347.0 billion (approximately US$47.5 billion), up 13.4% year-on-year, of which goods revenue increased by 14.0% year-on-year, outpacing the growth rate of online retail sales of physical goods in the same period, and services revenue increased by 10.8% year-on-year, with both goods and services revenue achieving double-digit year-on-year growth.
In the fourth quarter, JD.com achieved double-digit year-on-year revenue growth in both the electrified category and the daily 100 category, of which the supermarket category achieved double-digit year-on-year revenue growth for four consecutive quarters, and the “good and cheap” user experience drove the healthy growth of each category.
Image source: Photo by reporter Wang Yubiao
In the fourth quarter, JD.com’s quarterly active users and shopping frequency continued to maintain double-digit growth year-on-year. The number of third-party merchants continued to maintain rapid year-on-year growth, and the number of third-party merchants was more active in the number of transaction users and orders.
In addition, JD.com announced that its board of directors has approved an annual cash dividend of US$0.5 per ordinary share or US$1.0 per American depositary share for the year ended December 31, 2024. The total dividend is expected to be approximately $1.5 billion.
According to JD.com’s financial report, for the year ended December 31, 2024, the company repurchased a total of about 255.3 million Class A ordinary shares (equivalent to 127.6 million American depositary shares), totaling about $3.6 billion. Under the New Share Repurchase Program, the Company may repurchase up to US$5 billion worth of shares (including American Depositary Shares) over the next 36 months ending August 2027.
By the end of 2024, the total number of employees in the JD system has increased to about 670,000. As of December 31, 2024, JD.com’s total human resources expenditure reached 116.1 billion yuan.
In the past year, JD.com’s payment of five insurances and one housing fund for food delivery riders has attracted attention. JD.com is not only the only logistics private enterprise in the industry that has signed labor contracts with front-line employees and paid “five insurances and one housing fund”, but also guarantees the work and life of employees in all aspects through various subsidies. In the fourth quarter of 2024, more than 20,000 JD customer service customers will increase their salaries again after the average salary increase of all employees at the beginning of the year by 30%, achieving an average salary increase of 2 months for all customer service employees.
On the disk, Jingdong Group rose in a straight line before the US stock market, and the increase once expanded to 10.58%. As of press time, it is up 6.03%.