v3.26.1
Segment reporting (Details)
¥ in Millions, $ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
segment
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Segment Reporting Information [Line Items]          
Number of Reportable Segments | segment 3        
Net revenues   ¥ 1,309,085 $ 187,197 ¥ 1,158,819 ¥ 1,084,662
Income/(loss) from operations   2,774 397 38,736 26,025
Including: Gain on sale of development properties   387 55 1,527 2,283
Impairment of long-lived assets   0 0 (1,562) (2,025)
Operating Expenses          
Share of results of equity investees   8,025 1,147 2,327 1,010
Interest expense   (2,803) (401) (2,896) (2,881)
Others, net   17,327 2,478 13,371 7,496
Income before tax   25,323 $ 3,621 51,538 31,650
Operating segments          
Segment Reporting Information [Line Items]          
Income/(loss) from operations   10,030   44,529 36,601
Inter-segment          
Segment Reporting Information [Line Items]          
Net revenues [1]   (83,742)   (59,123) (53,923)
Cost of Revenue          
Cost of revenue [1]   77,325   52,844 49,053
Operating Expenses          
Operating expenses [1],[2]   6,417   6,279 4,870
Unallocated items          
Segment Reporting Information [Line Items]          
Income/(loss) from operations [3]   (7,256)   (5,793) (10,576)
JD Retail | Operating segments          
Segment Reporting Information [Line Items]          
Net revenues   1,126,399   1,015,948 945,343
Income/(loss) from operations   51,402   41,077 35,925
Cost of Revenue          
Cost of revenue   (928,261)   (847,917) (798,380)
Operating Expenses          
Operating expenses [2]   (146,736)   (126,954) (111,038)
JD Logistics          
Operating Expenses          
Revenues   80,314   55,062 50,063
JD Logistics | Operating segments          
Segment Reporting Information [Line Items]          
Net revenues   217,146   182,837 166,625
Income/(loss) from operations   5,269   6,317 1,005
Cost of Revenue          
Cost of revenue   (198,039)   (164,689) (154,494)
Operating Expenses          
Operating expenses [2]   (13,838)   (11,831) (11,126)
New Businesses | Operating segments          
Segment Reporting Information [Line Items]          
Net revenues   49,282   19,157 26,617
Income/(loss) from operations   (46,641)   (2,865) (329)
Including: Gain on sale of development properties   387   1,527 2,283
Impairment of long-lived assets   0   (1,027) (1,123)
Cost of Revenue          
Cost of revenue   (49,995)   (15,109) (21,004)
Operating Expenses          
Operating expenses [2]   ¥ (46,315)   ¥ (7,413) ¥ (7,102)
[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 RMB50,063 million, RMB55,062 million and RMB80,314 million for the years ended December 31, 2023, 2024 and 2025, 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 for the years presented is as follows:
[3] A summary of unallocated items for the years presented is as follows: