<HoloBase Weekly>China's e-commerce giant JD.com delivers solid quarterly results, shares surge

Tech Spotlight

Behind JD.com's 2019 performance exceeding expectations: the sinking market meets a fierce battle

On March 2, JD.com released its fourth quarter and full-year financial reports for 2019. According to the data, JD.com's fourth-quarter revenue in 2019 was 170.68 billion yuan, a year-on-year increase of 26.6%. Under the non GAAP, the net profit attributable to common shareholders was 810 million yuan, and diluted earnings per share were $0.08, higher than analysts' expectations of $0.06. Meanwhile, in 2019, JD.com's net revenue reached 576.89 billion yuan, an increase of 24.9% year on year. Under non GAAP, the net profit attributable to the company's shareholders reached 10.75 billion yuan, an increase of 210.8% year on year. Compared with 2018, its net profit margin has doubled...

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