What: JD.com triples Q4 profit to USD 1.4 billion while expanding into food delivery and international markets, signaling strong recovery in Chinese consumer spending.

Why it is important: This performance indicates a significant rebound in Chinese consumer confidence, while demonstrating how e-commerce platforms can successfully diversify beyond their core business to drive growth in a competitive market.

JD.com's remarkable fourth-quarter performance showcases the resurgence of Chinese consumer spending, with profits reaching USD 1.4 billion, triple the previous year's figure. The company's revenue rose 13.4% to USD 47.9 billion, reflecting successful strategic initiatives and market expansion. This growth has been driven by a comprehensive approach to diversification, including the launch of JD Takeaway food delivery service and potential acquisition of German retailer Ceconomy. The company's strategic investments, such as the USD 141 million expansion of its fashion platform, have strengthened its market position. Despite Walmart's divestment of its USD 3.74 billion stake, JD.com has maintained momentum through innovative features like 'Gifting IT' and enhanced digital capabilities. The strong performance has resonated with investors, as evidenced by the company's shares rising 8.42% in Hong Kong trading.

IADS Notes: The Chinese e-commerce landscape has undergone significant transformation throughout 2024-2025. Data shows 230 million Chinese consumers embracing AI-powered retail solutions, while platforms increasingly compete through service diversification and international expansion. JD.com's potential EUR 1.5 billion acquisition of Ceconomy demonstrates this trend of Chinese e-commerce platforms expanding globally while maintaining strong domestic growth through digital innovation and enhanced customer experiences.

JD.com reports USD 1.4 billion profit as Chinese consumer spending rises