v3.25.1
Segment reporting (Details)
¥ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Net revenues ¥ 1,158,819 $ 158,758 ¥ 1,084,662 ¥ 1,046,236
Income/(loss) from operations 38,736 5,307 26,025 19,723
Including other segment items: Gain on sale of development properties 1,527 209 2,283 1,379
Impairment of long-lived assets (1,562) (214) (2,025) 0
Operating Expenses        
Share of results of equity investees 2,327 319 1,010 (2,195)
Interest expense (2,896) (397) (2,881) (2,106)
Others, net 13,371 1,832 7,496 (1,555)
Income before tax 51,538 $ 7,061 31,650 13,867
Operating segments        
Income/(loss) from operations 44,529   36,601 28,963
Inter-segment        
Net revenues [1] (59,123)   (53,923) (50,904)
Cost of Revenue        
Cost of revenue [1] 52,844   49,053 46,295
Operating Expenses        
Operating expenses [1],[2] 6,279   4,870 4,609
Unallocated items        
Income/(loss) from operations [3] (5,793)   (10,576) (9,240)
JD Retail | Operating segments        
Net revenues 1,015,948   945,343 929,929
Income/(loss) from operations 41,077   35,925 34,852
Cost of Revenue        
Cost of revenue (847,917)   (798,380) (791,396)
Operating Expenses        
Operating expenses [2] (126,954)   (111,038) (103,681)
JD Logistics        
Operating Expenses        
Revenues 55,062   50,063 48,261
JD Logistics | Operating segments        
Net revenues 182,837   166,625 137,402
Income/(loss) from operations 6,317   1,005 528
Cost of Revenue        
Cost of revenue (164,689)   (154,494) (127,612)
Operating Expenses        
Operating expenses [2] (11,831)   (11,126) (9,262)
New Businesses | Operating segments        
Net revenues 19,157   26,617 29,809
Income/(loss) from operations (2,865)   (329) (6,417)
Including other segment items: Gain on sale of development properties 1,527   2,283 1,379
Impairment of long-lived assets (1,027)   (1,123)  
Cost of Revenue        
Cost of revenue (15,109)   (21,004) (26,307)
Operating Expenses        
Operating expenses [2] ¥ (7,413)   ¥ (7,102) ¥ (11,298)
[1] The inter-segment eliminations mainly consist of revenues from supply chain solutions and logistics services provided by JD Logistics to JD Retail, on-demand delivery and retail services provided by Dada to JD Retail and JD Logistics, and property leasing services provided by JD Property to JD Logistics. Transactions between segments are mainly determined based on the arm’s length basis. Among them, net revenues generated from the services provided by JD Logistics to other reportable segments were RMB48,261 million, RMB50,063 million and RMB55,062 million for the years ended December 31, 2022, 2023 and 2024, respectively. Other than that, inter-segment net revenues for JD Retail and New Businesses were not material. All net revenues from each reportable segment were generated from external customers except for the inter-segment net revenues mentioned above.
[2] A summary of depreciation and amortization expenses included in the operating expense for the years presented is as follows:
[3] A summary of unallocated items for the years presented is as follows: