JD.com's focus on affordability leads to a 3.6% revenue rise to $43.1B in Q4, alongside a strategic $3B share buyback plan and a robust net income growth.
JD.com just proved that sometimes, less is more. In Q4, they turned the tables by adding more low-priced goodies to their online treasure trove, and voila! Revenue soared to $43.1B, up by 3.6% from last year. Not too shabby, especially when everyone’s tightening their belts.
And because they’re feeling pretty confident (or just generous), JD.com’s throwing a party with a $3B share buyback program. Yes, you read that right. They're betting big on themselves, and why not? With a net income jumping over 13% to about $480M, I’d say they’ve earned a little bragging right.
CEO Sandy Xu credits this upswing to a laser focus on what users want: good deals without the runaround. With more merchants on board, JD.com's marketplace is now a bustling bazaar of diversity, boosting both user and order numbers. It’s like the more, the merrier, but with discounts.
Not content with just ruling the domestic market, JD.com is setting its sights abroad. With a robust supply chain and a keen eye on enhancing user experiences, they're expanding their global footprint. From JD Worldwide to Ochama in Europe, JD.com’s not just going places; it’s bringing the whole market with it.
❓ What do you think about JD.com's strategy?
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