v3.26.1
Goodwill
 12 Months Ended
Dec. 31, 2025
Goodwill [Abstract]  
Goodwill
12.
Goodwill
The changes in the carrying amount of goodwill are as follows:
 
    
JD Retail
     
JD Logistics
     
New
Businesses
     
Total
  
    
(RMB in millions)
  
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  
  
 
 
     
 
 
     
 
 
     
 
 
  
Transaction in 2025
            
Additions
      1,885        —         —         1,885  
Impairment
      (1,303 )       —         —         (1,303 ) 
Balance as of December 31, 2025
            
Goodwill
      19,831        6,983        7,322        34,136  
Accumulated impairment losses
      (2,109 )       —         (5,736 )       (7,845 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
     17,722        6,983        1,586        26,291  
  
 
 
     
 
 
     
 
 
     
 
 
  
For the year ended December 31, 2023, having 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 loss of RMB
3,143
 
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 RMB
799
 
million. For the year ended December 31, 2025, the Company concluded that the carrying amounts of certain reporting units exceeded their respective fair values and recorded impairment losses of RMB
1,303
 
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, among others.