Goodwill

12 Months Ended

Dec. 31, 2024

12.

Goodwill

The prior periods’ reconciliation of the carrying amount of goodwill have been retrospectively recast to conform to the changes in reportable segments as disclosed in Note 2(nn). The changes in the carrying amount of goodwill are as follows:


	JD Retail			JD Logistics		New Businesses			Total
	(RMB in millions)

Transaction in 2022
Additions		1,399			5,350		4,729			11,478
Disposal of a subsidiary		(788	)		—		—			(788	)
Balance as of December 31, 2022
Goodwill		11,418			6,983		7,322			25,723
Accumulated impairment losses		(7	)		—		(2,593	)		(2,600	)

		11,411			6,983		4,729			23,123

Transaction in 2023
Impairment		—			—		(3,143	)		(3,143	)
Balance as of December 31, 2023
Goodwill		11,418			6,983		7,322			25,723
Accumulated impairment losses		(7	)		—		(5,736	)		(5,743	)

		11,411			6,983		1,586			19,980

Transaction in 2024
Additions		6,576			—		—			6,576
Disposal of a subsidiary		(48	)		—		—			(48	)
Impairment		(799	)		—		—			(799	)
Balance as of December 31, 2024
Goodwill		17,946			6,983		7,322			32,251
Accumulated impairment losses		(806	)		—		(5,736	)		(6,542	)

		17,140			6,983		1,586			25,709

No impairment loss of goodwill was recorded for the year ended December 31, 2022. For the year ended December 31, 2023, considered duration and severity of the decline of Dada’s stock price, the Company assessed that it is more likely than not that the fair value of Dada reporting unit is less than its carrying amount and performed quantitative impairment test on Dada reporting unit and recognized an impairment charge of RMB3,143 million. For the year ended December 31, 2024, the Company concluded that the carrying amounts of certain reporting units exceeded their respective fair values and recorded impairment losses of RMB799 million. The fair value of reporting units was determined based on the discounted cash flow analysis using the assumptions including internal cash flows forecasts, long-term future growth rates and discount rates.