JD Retail
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Based on JD’s Latest Financial Report, It Seems Delivery Isn’t an Easy Business
JD.com’s Q2 earnings revealed a 22.4% revenue surge to RMB 356.7 billion, driven by a strong 618 shopping festival and robust performance from JD Retail and JD Logistics. However, aggressive expansion into delivery services, particularly JD Delivery, led to substantial losses (RMB 14.8 billion) within the “new businesses” segment, offsetting retail profit gains. Despite increased user engagement and order volume, these subsidies significantly impacted overall profitability, prompting JD.com to shift towards cross-selling strategies to reduce reliance on its retail business.
