JD.com Reports Strong Q4 Growth but Faces Investor Skepticism Over New Ventures
The Chinese e-commerce giant posted robust revenue and profit growth, driven by consumer spending and AI adoption, but investors question the profitability of its new food delivery business.
- JD.com achieved a 13.4% year-over-year revenue increase in Q4 2024, reaching $47.5 billion, surpassing analyst expectations.
- Net income nearly tripled to 9.9 billion yuan ($1.4 billion), reflecting strong consumer demand and Beijing's economic stimulus policies.
- The company highlighted its growing use of AI technologies, including personalized shopping assistants and workflow optimization tools, to enhance user experience and efficiency.
- JD.com's new food delivery initiative, JD Takeaway, remains in an exploratory phase, with limited details on profitability or long-term strategy provided to investors.
- Despite strong financial results, JD.com's Hong Kong-listed shares fell 1.4% as concerns linger over the scale and impact of its investments in emerging business areas.
Benzinga 
Forbes 
South China Morning Post 
