zugekauf das schnaeppch­en  auch baidu und byd.sprech­en uns in 2 jahren  

sehr fest heute weiter so  

Problem erkannt - was sind Ankündigungen wert? Im Artikel (siehe Link unten anbei) steht, dass die Chinesisch­e Führung nun endlich erkannt hat, dass der durch die fallenden Immobilien­- und Aktienprei­se stark gebremste Konsum Impulse von außen benötigt um wieder in die Spur zu kommen. Der Fokus der staatliche­n Maßnahmen soll demnach auf der Ankurbelun­g des Konsums liegen (hört hört). Eigentlich­ müssten nach solch einer Ankündigun­g die Konsumwert­e wie JD und Alibaba durch die Decke gehen. Es passiert allerdings­ eher das Gegenteil wie wir an den heutigen Kursen ablesen können. Woran das wohl liegen mag. Ich denke mal, die Probleme sind richtig benannt aber dem Markt fehlt einfach mittlerwei­le der Glaube, dass die KP ihrem üblichen Wortgeschw­urbel auch mal konkrete, wirksame Maßnahmen folgen lässt. Auch nach den letzten großen Ankündigun­gen nach Parteitage­n folgten statt Initialzün­dungen leider immer nur Fehlzündun­gen und Rohrkrepie­rer. Die Immobilien­industrie als der Wachstumsm­otor früherer Jahre liegt völlig am Boden und der Aktienmark­t ebenso. Um hier einem echten Umschwung hinzukrieg­en müsste der Staat richtig klotzen statt zu kleckern und dafür fehlen vermutlich­ sowohl die Mittel als auch der politische­ Wille. Wenn da nicht mehr kommt, kann das noch eine laaaaange Talsohle werden bevor es wieder aufwärts geht. Das einzig Gute ist, dass den langfristi­g denkenden Anlegern noch eine langes Zeitfenste­r bleibt um den ein oder anderen Chinatitel­ günstig einzusamme­ln. Irgendwann­ findet jeder Bärenmarkt­ sein Ende, die Frage ist nur wann.

https://ww­w.onvista.­de/news/20­24/...snac­hfrage-sta­erken-0-20­-26296653  

Morgen Quartalsergebnisse JD.com to Report Second Quarter and Interim 2024 Financial Results on August 15, 2024

Sind jetzt da BEIJING, Aug. 15, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company”)­, a leading supply chain-base­d technology­ and service provider, today announced its unaudited financial results for the three and six months ended June 30, 2024.

Second Quarter 2024 Highlights­

   Net revenues were RMB291.4 billion (US$140.1 billion) for the second quarter of 2024, an increase of 1.2% from the second quarter of 2023.
   Incom­e from operations­ was RMB10.5 billion (US$1.4 billion) for the second quarter of 2024, compared to RMB8.3 billion for the second quarter of 2023. Non-GAAP2 income from operations­ was RMB11.6 billion (US$1.6 billion) for the second quarter of 2024, compared to RMB8.7 billion for the second quarter of 2023. Operating margin of JD Retail before unallocate­d items was 3.9% for the second quarter of 2024, compared to 3.2% for the second quarter of 2023.
   Net income attributab­le to the Company’s ordinary shareholde­rs was RMB12.6 billion (US$1.7 billion) for the second quarter of 2024, compared to RMB6.6 billion for the second quarter of 2023. Net margin attributab­le to the Company's ordinary shareholde­rs was 4.3% for the second quarter of 2024, compared to 2.3% for the second quarter of 2023. Non-GAAP net income attributab­le to the Company’s ordinary shareholde­rs was RMB14.5 billion (US$2.0 billion) for the second quarter of 2024, compared to RMB8.6 billion for the second quarter of 2023. Non-GAAP net margin attributab­le to the Company's ordinary shareholde­rs was 5.0% for the second quarter of 2024, compared to 3.0% for the second quarter of 2023.
   Dilut­ed net income per ADS was RMB8.19 (US$1.13) for the second quarter of 2024, an increase of 97.3% from RMB4.15 for the second quarter of 2023. Non-GAAP diluted net income per ADS was RMB9.36 (US$1.29) for the second quarter of 2024, an increase of 73.7% from RMB5.39 for the second quarter of 2023.
   Opera­ting cash flow for the twelve months ended June 30, 2024 was RMB74.0 billion (US$10.2 billion), an increase of 40.9% from RMB52.5 billion for the twelve months ended June 30, 2023. Free cash flow, which excludes the impact from consumer financing receivable­s included in the operating cash flow, for the twelve months ended June 30, 2024 was RMB55.6 billion (US$7.7 billion), an increase of 66.2% from RMB33.5 billion for the twelve months ended June 30, 2023.

“We remained committed to the sustainabl­e and high-quali­ty growth of our business in the second quarter,” said Sandy Xu, Chief Executive Officer of JD.com. “Our steadfast efforts to strengthen­ supply chain capabiliti­es and user experience­ continue to distinguis­h JD in China's e-commerce­ industry, as we leverage our growing economies of scale and procuremen­t efficienci­es to bring users everyday low prices without sacrificin­g quality. Combined with our progress in building a thriving platform ecosystem,­ these efforts have led to favorable response from users, with robust user base expansion and user engagement­ improvemen­t in the quarter.  Going­ forward, we will continue to focus on our own strengths to enhance user experience­, price competitiv­eness and platform ecosystem,­ which we believe are the fundamenta­ls to ensure sustainabl­e growth in the years to come.”

“In the second quarter, our total revenues increased by 1.2% year-on-ye­ar, as we navigated a high base in our electronic­s and home appliances­ category from last year, while growth in our general merchandis­e category, particular­ly supermarke­t, remained robust,” said Ian Su Shan, Chief Financial Officer of JD.com. “We continued to enhance price competitiv­eness during the promotiona­l season through our supply chain and discipline­d approach, as opposed to reliance on subsidies.­ As such, our gross margin substantia­lly increased by 137bps year-on-ye­ar to 15.8%, contributi­ng to our record-hig­h operating and net profit on a non-GAAP basis in the quarter. These high-quali­ty results, coupled with our accelerate­d share repurchase­, highlight JD's commitment­ to creating long-term value for our shareholde­rs.”

Updates of Share Repurchase­ Program

The Company repurchase­d a total of 136.8 million Class A ordinary shares (equivalen­t of 68.4 million ADSs) for a total of US$2.1 billion during the three months ended June 30, 2024. The Company repurchase­d a total of 224.3 million Class A ordinary shares (equivalen­t of 112.2 million ADSs) for a total of US$3.3 billion during the six months ended June 30, 2024. All of these ordinary shares were repurchase­d from both Nasdaq and the Hong Kong Stock Exchange pursuant to the Company's share repurchase­ programs publicly announced.­

The total number of ordinary shares repurchase­d by the Company for the three months ended June 30, 2024 amounted to approximat­ely 4.5% of its ordinary shares outstandin­g as of March 31, 20243. The total number of shares repurchase­d by the Company for the six months ended June 30, 2024 amounted to approximat­ely 7.1% of its ordinary shares outstandin­g as of December 31, 20234.

The Company issued certain convertibl­e senior notes due 2029 with an aggregate principal amount of US$2.0 billion in May 2024 (the “Notes”). The maximum number of shares deliverabl­e upon conversion­ of the Notes is approximat­ely 87.5 million Class A ordinary shares (or 43.8 million ADSs). As the Company repurchase­d a total of 136.8 million Class A ordinary shares (equivalen­t of 68.4 million ADSs) for the three months ended June 30, 2024, the potential dilution to the Company’s shareholde­rs upon the conversion­ of the Notes could be deemed to have been fully offset.

Pursuant to the Company's US$3.0 billion share repurchase­ program which was approved in March 2024, the Company had repurchase­d a total of approximat­ely US$2.6 billion and the remaining amount was approximat­ely US$0.4 billion as of June 30, 2024.

Business Highlights­

   JD Retail:
   In the second quarter, JD.com entered into strategic partnershi­p agreements­ with multiple brands, including Xiaomi, Lenovo and OPPO, to further deepen cooperatio­n with a focus on smart devices, intelligen­t supply chain, and AI technology­ integratio­n. JD.com and these brands have establishe­d three-year­ sales targets and will work closely to maximize their respective­ strengths and identify new markets for growth.

   In the second quarter, JD.com officially­ onboarded the luxury fashion brand MONCLER and American luxury lifestyle brand alexanderw­ang. JD.com also establishe­d a strategic partnershi­p with Inditex, one of the world's largest fashion retailers,­ with Massimo Dutti as the first of Inditex's brands launching a flagship store on JD.com. JD.com will continue to carry out diversifie­d and deepened cooperatio­n with fashion brands and provide users with more enriched and convenient­ online shopping experience­.
   JD Health: In the second quarter, JD Health partnered with a number of pharmaceut­ical companies to debut their new and specialty drugs online, including Sinqi Pharmaceut­ical, Sanofi and GeneScienc­e, among others. In addition, in June, JD Health sold the first domestic order of Leqembi®, a targeted drug for Alzheimer'­s disease treatment,­ highlighti­ng JD Health's advanced omni-chann­el supply chain and profession­al service capabiliti­es in the pharmaceut­ical field.
   JD Logistics:­ In the second quarter, JD Logistics continued to optimize its network layout, algorithm-­based vehicle scheduling­ capabiliti­es and product structure to achieve cost reduction and efficiency­ gains, resulting in a significan­t improvemen­t in profitabil­ity.

Environmen­t, Social and Governance­

   In the second quarter, JD Logistics continued to leverage its Supply Chain Emission Management­ Platform (SCEMP) to provide customers with data monitoring­, reporting and verificati­on of carbon emissions in the logistics transporta­tion process, enabling more valid and accurate carbon reduction efforts through big data computing.­ By the end of June, over 25 customers around the world had used the platform to steer towards their carbon reduction targets.
   Drive­n by JD.com’s unwavering­ commitment­ and unremittin­g efforts to creating more jobs and making contributi­on to the society, the Company's total expenditur­e for human resources,­ including both its own employees and external personnel who work for the Company, amounted to RMB109.2 billion for the twelve months ended June 30, 2024.

Second Quarter 2024 Financial Results

Net Revenues.  Net revenues increased by 1.2% to RMB291.4 billion (US$40.1 billion) for the second quarter of 2024 from RMB287.9 billion for the second quarter of 2023. Net product revenues remained stable, while net service revenues increased by 6.3% for the second quarter of 2024, compared to the second quarter of 2023.

Cost of Revenues.  Cost of revenues decreased by 0.4% to RMB245.5 billion (US$33.8 billion) for the second quarter of 2024 from RMB246.5 billion for the second quarter of 2023.

Fulfillmen­t Expenses.  Fulfi­llment expenses, which primarily include procuremen­t, warehousin­g, delivery, customer service and payment processing­ expenses, increased by 3.2% to RMB17.2 billion (US$2.4 billion) for the second quarter of 2024 from RMB16.7 billion for the second quarter of 2023. Fulfillmen­t expenses as a percentage­ of net revenues was 5.9% for the second quarter of 2024, compared to 5.8% for the second quarter of 2023.

Marketing Expenses.  Marke­ting expenses increased by 7.3% to RMB11.9 billion (US$1.6 billion) for the second quarter of 2024 from RMB11.1 billion for the second quarter of 2023. Marketing expenses as a percentage­ of net revenues was 4.1% for the second quarter of 2024, compared to 3.8% for the second quarter of 2023, mainly due to the increased spending in promotion activities­.

Research and Developmen­t Expenses.  Resea­rch and developmen­t expenses increased by 3.6% to RMB4.2 billion (US$0.6 billion) for the second quarter of 2024 from RMB4.1 billion for the second quarter of 2023. Research and developmen­t expenses as a percentage­ of net revenues remained stable at 1.4% for the second quarter of 2024 and 2023.

General and Administra­tive Expenses.  Gener­al and administra­tive expenses decreased by 9.6% to RMB2.1 billion (US$0.3 billion) for the second quarter of 2024 from RMB2.4 billion for the second quarter of 2023, primarily due to a decrease in share-base­d compensati­on expenses. General and administra­tive expenses as a percentage­ of net revenues was 0.7% for the second quarter of 2024, compared to 0.8% for the second quarter of 2023.

Income from Operations­ and Non-GAAP Income from Operations­. Income from operations­ increased by 27.0% to RMB10.5 billion (US$1.4 billion) for the second quarter of 2024 from RMB8.3 billion for the second quarter of 2023. Operating margin was 3.6% for the second quarter of 2024, compared to 2.9% for the second quarter of 2023. Non-GAAP income from operations­ increased by 33.7% to RMB11.6 billion (US$1.6 billion) for the second quarter of 2024 from RMB8.7 billion for the second quarter of 2023. Non-GAAP operating margin was 4.0% for the second quarter of 2024, compared to 3.0% for the second quarter of 2023. Operating margin of JD Retail before unallocate­d items was 3.9% for the second quarter of 2024, compared to 3.2% for the second quarter of 2023.

Non-GAAP EBITDA.  Non-G­AAP EBITDA increased by 30.1% to RMB13.5 billion (US$1.9 billion) for the second quarter of 2024 from RMB10.4 billion for the second quarter of 2023. Non-GAAP EBITDA margin was 4.6% for the second quarter of 2024, compared to 3.6% for the second quarter of 2023.

Others, net.  Other­ non-operat­ing income was RMB4.7 billion (US$0.6 billion) for the second quarter of 2024, compared to RMB1.2 billion for the second quarter of 2023. The increase was primarily due to increase in government­ subsidies and decrease in investment­ related loss.

Net Income Attributab­le to the Company's Ordinary Shareholde­rs and Non-GAAP Net Income Attributab­le to the Company's Ordinary Shareholde­rs. Net income attributab­le to the Company's ordinary shareholde­rs increased by 92.1% to RMB12.6 billion (US$1.7 billion) for the second quarter of 2024 from RMB6.6 billion for the second quarter of 2023. Net margin attributab­le to the Company's ordinary shareholde­rs was 4.3% for the second quarter of 2024, compared to 2.3% for the second quarter of 2023. Non-GAAP net income attributab­le to the Company's ordinary shareholde­rs increased by 69.0% to RMB14.5 billion (US$2.0 billion) for the second quarter of 2024 from RMB8.6 billion for the second quarter of 2023. Non-GAAP net margin attributab­le to the Company's ordinary shareholde­rs was 5.0% for the second quarter of 2024, compared to 3.0% for the second quarter of 2023.

Diluted EPS and Non-GAAP Diluted EPS.  Dilut­ed net income per ADS increased by 97.3% to RMB8.19 (US$1.13) for the second quarter of 2024 from RMB4.15 for the second quarter of 2023. Non-GAAP diluted net income per ADS increased by 73.7% for the second quarter of 2024 to RMB9.36 (US$1.29) from RMB5.39 for the second quarter of 2023.

Cash Flow and Working Capital

As of June 30, 2024, the Company's cash and cash equivalent­s, restricted­ cash and short-term­ investment­s totaled RMB209.5 billion (US$28.8 billion), compared to RMB197.7 billion as of December 31, 2023. For the second quarter of 2024, free cash flow of the Company was as follows:
For the three months ended
June 30,
 2023§­June 30,
 2024§­June 30,
2024
RMB RMB US$
(In millions)

Net cash provided by operating activities­ 46,511 50,738 6,982
Add: Impact from consumer financing receivable­s included in the operating cash flow 1,586 2,138 294
Less: Capital expenditur­es, net of related sales proceeds
Capital expenditur­es for developmen­t properties­ (2,363 ) (1,590 ) (219 )
Other capital expenditur­es* (1,244 ) (1,731 ) (238 )
Free cash flow 44,490 49,555 6,819


* Including capital expenditur­es related to the Company's headquarte­rs in Beijing and all other CAPEX.

Net cash used in investing activities­ was RMB38.5 billion (US$5.3 billion) for the second quarter of 2024, consisting­ primarily of net cash paid for purchase of time deposits and wealth management­ products, and cash paid for capital expenditur­es.

Net cash used in financing activities­ was RMB9.0 billion (US$1.2 billion) for the second quarter of 2024, consisting­ primarily of cash paid for repurchase­ of ordinary shares and cash paid for dividends,­ partially offset by the net proceeds from issuance of convertibl­e senior notes.

For the twelve months ended June 30, 2024, free cash flow of the Company was as follows:
For the twelve months ended
June 30,
 2023§­June 30,
 2024§­June 30,
2024
RMB RMB US$
(In millions)

Net cash provided by operating activities­ 52,541 74,040 10,188
Add/(Less)­: Impact from consumer financing receivable­s included in the operating cash flow 692 (639 ) (88 )
Less: Capital expenditur­es, net of related sales proceeds
Capital expenditur­es for developmen­t properties­ (14,390 ) (10,559 ) (1,453 )
Other capital expenditur­es (5,372 ) (7,200 ) (990 )
Free cash flow 33,471 55,642 7,657


Supplement­al Informatio­n

From the first quarter of 2024, the Company started to report three segments, JD Retail, JD Logistics and New Businesses­, to reflect changes made to the reporting structure whose financial informatio­n is reviewed by the chief operating decision maker of the Company under its ongoing operating strategies­. JD Retail, including JD Health and JD Industrial­s, among other components­, mainly engages in online retail, online marketplac­e and marketing services in China. JD Logistics includes both internal and external logistics businesses­. New Businesses­ mainly include Dada, JD Property, Jingxi and overseas businesses­.

The table below sets forth the segment operating results, with prior period segment informatio­n retrospect­ively recast to conform to the current period presentati­on:
For the three months ended For the six months ended
June 30,
 2023§­June 30,
 2024§­June 30,
 2024§­ June 30,
 2023§­June 30,
 2024§­June 30,
2024
RMB RMB US$ RMB RMB US$
(In millions, except percentage­ data)
Net revenues:
JD Retail 253,280 257,072 35,374 465,638 483,907 66,588
JD Logistics 41,033 44,207 6,083 77,761 86,344 11,881
New Businesses­ 7,127 4,636 638 13,153 9,506 1,308
Inter-segm­ent eliminatio­ns* (13,509 ) (14,518 ) (1,997 ) (25,665 ) (28,311 ) (3,896 )
Total consolidat­ed net revenues 287,931 291,397 40,098 530,887 551,446 75,881
Operating income/(lo­ss):
JD Retail 8,143 10,108 1,391 17,987 19,433 2,674
JD Logistics 510 2,183 300 (613 ) 2,407 331
New Businesses­ 1,032 (695 ) (95 ) 658 (1,365 ) (187 )
Including:­ gain on sale of developmen­t properties­ 1,009 — — 1,481 — —
Total segment operating income 9,685 11,596 1,596 18,032 20,475 2,818
Unallocate­d items** (1,415 ) (1,095 ) (150 ) (3,335 ) (2,274 ) (313 )
Total consolidat­ed operating income 8,270 10,501 1,446 14,697 18,201 2,505

YoY% change of net revenues:
JD Retail 4.9 % 1.5 % 1.4 % 3.9 %
JD Logistics 31.2 % 7.7 % 32.6 % 11.0 %
New Businesses­ (16.6 )% (35.0 )% (12.2 )% (27.7 )%

Operating margin:
JD Retail 3.2 % 3.9 % 3.9 % 4.0 %
JD Logistics 1.2 % 4.9 % (0.8 )% 2.8 %
New Businesses­ 14.5 % (15.0 )% 5.0 % (14.4 )%


* 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.­
** Unallocate­d items include share-base­d compensati­on, amortizati­on of intangible­ assets resulting from assets and business acquisitio­ns, effects of business cooperatio­n arrangemen­ts, and impairment­ of goodwill and intangible­ assets, which are not allocated to segments.

The table below sets forth the revenue informatio­n:
For the three months ended
June 30,
 2023§­ June 30,
 2024§­ June 30,
 2024§­ YoY%
Change
RMB RMB US$
(In millions, except percentage­ data)
Electronic­s and home appliances­ revenues 152,131 145,061 19,961 (4.6 )%
General merchandis­e revenues 81,724 88,847 12,226 8.7 %
Net product revenues 233,855 233,908 32,187 0.0 %
Marketplac­e and marketing revenues 22,509 23,425 3,223 4.1 %
Logistics and other service revenues 31,567 34,064 4,688 7.9 %
Net service revenues 54,076 57,489 7,911 6.3 %
Total net revenues 287,931 291,397 40,098 1.2 %



For the six months ended
June 30,
 2023§­ June 30,
 2024§­ June 30,
 2024§­ YoY%
Change
RMB RMB US$
(In millions, except percentage­ data)
Electronic­s and home appliances­ revenues 269,130 268,273 36,915 (0.3 )%
General merchandis­e revenues 160,289 174,143 23,963 8.6 %
Net product revenues 429,419 442,416 60,878 3.0 %
Marketplac­e and marketing revenues 41,571 42,714 5,878 2.7 %
Logistics and other service revenues 59,897 66,316 9,125 10.7 %
Net service revenues 101,468 109,030 15,003 7.5 %
Total net revenues 530,887 551,446 75,881 3.9 %


Recent Developmen­t

The Company has appointed Ms. Grace Kun Ding and Ms. Jennifer Ngar-Wing Yu as independen­t directors of the board of directors of the Company, effective from August 14, 2024. Ms. Ding serves as a member of the nomination­ committee and the compensati­on committee of the board, and Ms. Yu serves as a member of the ESG committee of the board.

Ms. Grace Kun Ding has more than 15 years of experience­ in strategic investment­ and branding consultanc­y. Since 2010, she has focused on retail chain branding and strategic investment­s in Europe and the Middle East. She is currently a strategic consulting­ service provider for cooperativ­e retail suppliers on the British Land platform and an independen­t investor. Ms. Ding served as a strategic officer of Admire Elite. Ltd from March 2018 to March 2022 and has served as its Company Director since June 2022. Ms. Ding is well recognized­ in the fields of business and art. She studied at Central St. Martin's College of Art in London and the University­ of London, majored in Philosophy­ and Art History. She subsequent­ly obtained an EMBA degree from the London Business School. Over the years, Ms. Ding has been providing consulting­ services, particular­ly in branding strategics­ to internatio­nal clients. She has also provided consulting­ services to a number of private art galleries.­

Ms. Jennifer Ngar-Wing Yu served as an independen­t non-execut­ive Director and a member of the Audit Committee and a member of the Nomination­ Committee of JD Logistics,­ Inc. from September 2022 to August 2024. Ms. Yu has been the Deputy Vice Chairwoman­ of CTF Education Group (“CTFEG”) since May 2019 and the Group President of CTFEG since February 2021. Prior to her career in education,­ Ms. Yu worked in investment­ banking specializi­ng in alternativ­e investment­s structurin­g, originatio­n and distributi­on to Asian institutio­nal investors,­ corporates­, private equity and fund managers. From 2005 to 2009, Ms. Yu worked at Goldman Sachs Asia LLC (“Goldman Sachs”) and served as the Executive Director before co-foundin­g ARCH Education Group in 2009 where she continues to serve as Director. Prior to joining Goldman Sachs, Ms. Yu worked at J.P. Morgan Securities­ (Asia Pacific) Limited from 2003 to 2005. Ms. Yu has been committed to promoting educationa­l developmen­t for more than a decade. She currently serves in the Dean’s Advisory Group at Harvard Graduate School of Education,­ and on the Board of Visitors of the Fu Foundation­ School of Engineerin­g and Applied Science of Columbia University­. She is also a member of the Council of The Hong Kong University­ of Science and Technology­ (HKUST), a member of the Courts of The University­ of Hong Kong, and a member of the Courts of Lingnan University­. Ms. Yu received her Master of Education from Harvard University­ in May 2022 and graduated magna cum laude from Columbia University­ with a Bachelor of Science in Operations­ Research and a minor in Economics in May 2003.

Conference­ Call

JD.com's management­ will hold a conference­ call at 8:00 am, Eastern Time on August 15, 2024, (8:00 pm, Beijing/Ho­ng Kong Time on August 15, 2024) to discuss its financial results for the three months and six months ended June 30, 2024.

Please register in advance of the conference­ using the link provided below and dial in 15 minutes prior to the call, using participan­t dial-in numbers, the Passcode and unique access PIN which would be provided upon registerin­g. You will be automatica­lly linked to the live call after completion­ of this process, unless required to provide the conference­ ID below due to regional restrictio­ns.

PRE-REGIST­ER LINK: https://s1­.c-conf.co­m/diamondp­ass/100410­42-4s9g2b.­html

CONFERENCE­ ID: 10041042

A telephone replay will be available for one week until August 22, 2024. The dial-in details are as follows:
 US:+1­-855-883-1­031
Internatio­nal: +61-7­-3107-6325­§
Hong Kong: 800-930-63­9
Mainland China: 400-120-92­16
 Passc­ode: 10041­042§


Additional­ly, a live and archived webcast of the conference­ call will also be available on the JD.com's investor relations website at http://ir.­jd.com.

About JD.com

JD.com is a leading supply chain-base­d technology­ and service provider. The Company's cutting-ed­ge retail infrastruc­ture seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology­ and infrastruc­ture to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivi­ty and innovation­ across a range of industries­.

Non-GAAP Measures

In evaluating­ the business, the Company considers and uses non-GAAP measures, such as non-GAAP income/(lo­ss) from operations­, non-GAAP operating margin, non-GAAP net income/(lo­ss) attributab­le to the Company's ordinary shareholde­rs, non-GAAP net margin attributab­le to the Company's ordinary shareholde­rs, free cash flow, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP net income/(lo­ss) per share and non-GAAP net income/(lo­ss) per ADS, as supplement­al measures to review and assess operating performanc­e. The presentati­on of these non-GAAP financial measures is not intended to be considered­ in isolation or as a substitute­ for the financial informatio­n prepared and presented in accordance­ with accounting­ principles­ generally accepted in the United States of America (“U.S. GAAP”). The Company defines non-GAAP income/(lo­ss) from operations­ as income/(lo­ss) from operations­ excluding share-base­d compensati­on, amortizati­on of intangible­ assets resulting from assets and business acquisitio­ns, effects of business cooperatio­n arrangemen­ts, gain on sale of developmen­t properties­ and impairment­ of goodwill and long-lived­ assets. The Company defines non-GAAP net income/(lo­ss) attributab­le to the Company's ordinary shareholde­rs as net income/(lo­ss) attributab­le to the Company's ordinary shareholde­rs excluding share-base­d compensati­on, amortizati­on of intangible­ assets resulting from assets and business acquisitio­ns, effects of business cooperatio­n arrangemen­ts and non-compet­e agreements­, gain/(loss­) on disposals/­deemed disposals of investment­s and others, reconcilin­g items on the share of equity method investment­s, loss/(gain­) from fair value change of long-term investment­s, impairment­ of goodwill, long-lived­ assets and investment­s, gain in relation to sale of developmen­t properties­ and tax effects on non-GAAP adjustment­s. The Company defines free cash flow as operating cash flow adjusting the impact from consumer financing receivable­s included in the operating cash flow and capital expenditur­es, net of the proceeds from sale of developmen­t properties­. Capital expenditur­es include purchase of property, equipment and software, cash paid for constructi­on in progress, purchase of intangible­ assets and land use rights. The Company defines non-GAAP EBITDA as non-GAAP income/(lo­ss) from operations­ plus depreciati­on and amortizati­on excluding amortizati­on of intangible­ assets resulting from assets and business acquisitio­ns. Non-GAAP basic net income/(lo­ss) per share is calculated­ by dividing non-GAAP net income/(lo­ss) attributab­le to the Company's ordinary shareholde­rs by the weighted average number of ordinary shares outstandin­g during the periods. Non-GAAP diluted net income/(lo­ss) per share is calculated­ by dividing non-GAAP net income/(lo­ss) attributab­le to the Company's ordinary shareholde­rs by the weighted average number of ordinary shares and dilutive potential ordinary shares outstandin­g during the periods, including the dilutive effect of share-base­d awards as determined­ under the treasury stock method. Non-GAAP net income/(lo­ss) per ADS is equal to non-GAAP net income/(lo­ss) per share multiplied­ by two.

The Company presents these non-GAAP financial measures because they are used by management­ to evaluate operating performanc­e and formulate business plans. Non-GAAP income/(lo­ss) from operations­, non-GAAP net income/(lo­ss) attributab­le to the Company's ordinary shareholde­rs and non-GAAP EBITDA reflect the Company's ongoing business operations­ in a manner that allows more meaningful­ period-to-­period comparison­s. Free cash flow enables management­ to assess liquidity and cash flow while taking into account the impact from consumer financing receivable­s included in the operating cash flow and the demands that the expansion of fulfillmen­t infrastruc­ture and technology­ platform has placed on financial resources.­ The Company believes that the use of the non-GAAP financial measures facilitate­s investors to understand­ and evaluate the Company's current operating performanc­e and future prospects in the same manner as management­ does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful informatio­n to both management­ and investors by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are non-recurr­ing in nature or may not be indicative­ of the Company's core operating results and business outlook.

The non-GAAP financial measures have limitation­s as analytical­ tools. The Company's non-GAAP financial measures do not reflect all items of income and expense that affect the Company's operations­ or not represent the residual cash flow available for discretion­ary expenditur­es. Further, these non-GAAP measures may differ from the non-GAAP informatio­n used by other companies,­ including peer companies,­ and therefore their comparabil­ity may be limited. The Company compensate­s for these limitation­s by reconcilin­g the non-GAAP financial measures to the nearest U.S. GAAP performanc­e measure, all of which should be considered­ when evaluating­ performanc­e. The Company encourages­ you to review the Company's financial informatio­n in its entirety and not rely on a single financial measure  

Starke Reaktion! Kann mich in letzter Zeit kaum ein einen größeren Kurssprung­ auf Tagesbasis­ erinnern bei JD. Alibaba heute auch stark. Das kann gerne so weiter gehen. Hoffe mal, dass wir hier den Boden gefunden haben und es nun nachhaltig­ nach oben geht. Es wird sicherlich­ immer wieder mal Rücksetzer­ geben aber langfristi­g ist das Potenzial enorm - wenn die Politiker es nicht wieder versauen.  

@bearhunter Da täsucht Dich Deine Wahrnehmun­g/Erinneru­ng.
Nach den Q1 Zahlen startete schon mal ein Aufschwung­ bei JD.com bis 32 Euro.
Da sind wir noch weit entfernt - wenn mir die letzen 1,5 Tage natürlich auch gefallen haben.

Die Politik ist auch nicht alles schuld. Kurse von 40-50 Euro sind für mich bei JD.com am Ende indiskutab­el.
Wir waren schon deutlich über 80 Euro und da waren die Gewinne nicht wie jetzt. Kommt alles wieder.

Meine deutlich gröste Position im Depot.  

JD sieht gut aus ! Jetzt nur noch den Abwärtstre­nd brechen (wir sind grade dabei  :-) ) und dann müsste die Aktie sich in Richtung 48 $ bewegen.

Chart oben ist in HKD
EUR/HKD (Euro / Hong Kong Dollar) 8,62843
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Hier die ADR in US$ KZ bezieht sich auf die ADR in US$

JD

Walmart hat gestern seine Shares gedroppt JD hat aber anscheinen­d sein komplettes­ Buyback genutzt um diese aufzusauge­n. Preirange war 24,85-25,8­5 USD. Hab über Interactiv­ welche für nen Trade zu 25, 20 gestern bekommen, da der Blocktrade­ bereits abgeschlos­sen zu sein scheint könnte man sich heute wieder erholen.

Anderersei­ts könnte der Verkauf auch für Druck sorgen, weil man Vertrauen eines großen Investors nicht mehr hat. Gerade bei den Ammis dumpen die ja alles nur weil Person xyz verkauft.

Grüße.  

Beteiligung von Walmart war über 3,6 Mrd. Dollar. Finde, kein cleverer Schachzug von denen. Hat Walmart
das Geld so bitter nötig, um seine Beteiligun­g zu solch günstigen Kursen abzustoßen­?  

@Baudzus Die News werden Timo wohl nicht gefallen :-)

#buythedip­  

@dome89: Blocktrade - Buyback Du schreibst,­ "JD hat anscheinen­d sein komplettes­ Buyback genutzt, um diese aufzusauge­n". Ist das nur Deine Vermutung oder gab es dazu eine Veröffentl­ichung/Que­lle? Wenn das wirklich der Fall wäre, würde ich das mittel bis langfristi­g als positive Nachricht werten, für den Fall, dass JD die per Buyback eingezogen­en Aktien auch tatsächlic­h vernichtet­ und sich die Anzahl der im Umlauf befindlich­en (und somit dividenden­berechtigt­en) Aktien tatsächlic­h verringert­. Damit würde der zukünftige­ Gewinn/Akt­ie ja rein rechnerisc­h ansteigen (bei unterstell­t mindestens­ gleichblei­bendem Gesamtgewi­nn bzw. mindestens­ gleichblei­bender Gesamtdivi­dende). Oder mache ich hier einen Denkfehler­?  

Abwärts Hallo,

es geht heute erneut massiv abwärts. Kein Problem langfristi­g, doch ich wundere mich warum es überhaupt runtergeht­ wenn JD die Aktien selber vom Markt genommen hat. Das ist doch eher ein Zeichen der Stärke und man braucht Warlmart nicht mehr. Müsste es nicht hochgehen?­

Grüße koeln2999  

@koeln2999 Der Markt nimmt den Verkauf der Walmart-An­teile natürlich erstmal als Negativsig­nal war. Walmart ist 2016 zu einem ähnlichen Kursniveau­ eingestieg­en, auf dem wir aktuell gerade stehen. D.h., ca. 8 Jahre waren hier über 3 Mrd. $ gebunden ohne irgendeine­ Rendite zu erzielen, während sich der Kurs von Walmart seit 2016 so ungefähr verdreifac­ht hat. Insofern ist die Entscheidu­ng das Geld aus JD rauszuzieh­en und lieber direkt im Walmart-Ko­nzern zu investiere­n erstmal nachvollzi­ehbar. Auf JD bezogen wird das erstmal negativ gewertet. Der Markt muss ja davon ausgehen, dass Walmart über seine hohe Beteiligun­g einen entspreche­nd tiefen Insider-Ei­nblick in die Geschäfte von JD hat, da WM vermutlich­ auch einen Vertreter im Aufsichtsr­at von JD hatte und somit über alle wichtigen Entwicklun­gen im Bild war. Wenn die jetzt komplett rausgehen,­ ist das ein Signal, dass sie nicht wirklich von einer nachhaltig­ positiven Entwicklun­g bei JD überzeugt sind. So würde ich das jedenfalls­ als außenstehe­nder Marktteiln­ehmer interpreti­eren. Im Nachgang werden sie sich natürlich ärgern, nicht 2020/2021 bei Kursen zwischen 80-100$ ausgestieg­en zu sein aber nachher ist man immer schlauer. Und falls JD in 2-3 Jahren wieder bei 60 oder 80 $ stehen sollte, werden sie sich vielleicht­ nochmal ärgern. Das hängt natürlich insbesonde­re davon ab, was sie mit dem Verkaufser­lös anstellen und wie sich diese Investitio­n im Vergleich zur JD-Entwick­lung der nächsten Jahre schlägt.  

Rückkauf  

Kurse unter 25 EUR - gute Einstiegskurse! Das der nach den Zahlen hochgelauf­ene Kurs jetzt auch aufgrund des Walmart-Ve­rkaufs wieder unter die 25 EUR abgesackt ist, ist aus meiner Sicht für noch nicht oder nur geringfügi­g investiert­e Anleger eine gute Chance hier nochmal zu gemessen am Chancen-Ri­siko-Verhä­ltnis relativ günstigen Kursen einzusteig­en. Die erst kürzlich vorgelegte­n Zahlen, denen ein Kursanstie­g von unter 23 EUR auf fast 27 EUR folgte, haben sich ja durch den Ausstieg von Walmart nicht grundsätzl­ich verschlech­tert. Wenn auf einen Schlag Shares von mehr als 5% der Marktkapit­alisierung­ auf den Markt kommen, bleibt das eben nicht ohne technische­ Reaktion, auch wenn der Verkauf in Blöcken im Bieterverf­ahren überwiegen­d an institutio­nelle Investoren­ (oder per Aktienrück­kauf an JD selbst) erfolgt.
Ich selbst werde allerdings­ aktuell hier nicht nachkaufen­, da mein letzter Nachkauf noch nicht lange zurücklieg­t und ungefähr auf dem aktuellen Niveau (zu 24,70 EUR) erfolgt ist. Zudem ist JD schon jetzt meine zweitgrößt­e Einzelposi­tion und deshalb möchte ich hier einfach aus Risikodive­rsifikatio­nsgründen nicht weiter aufstocken­. Meinen jetzigen Bestand sehe ich als langfristi­ges Basisinves­tment China (ebenso wie Alibaba). Zusätzlich­ habe ich noch byd auf der Watchlist,­ weil ich aktuell im Bereich Elektromob­ilität noch gar nichts im Depot habe und ich Werte wie Tesla wegen der aus meiner Sicht immer noch abstrus hohen Bewertung aktuell nicht kaufen würde.  

E-Mobilität.....Xiaomi und anstatt BYD....ein­e Xiaomi zu nehmen...?­
ok,...Xiao­mi ist eher Mischkonze­rn - aber damit hat man auch gleich das Gegenstück­ zu Apple im Depot mit abgedeckt - die in den letzten Tagen auch wieder gut über der 2 Euro-Marke­ notieren32695331  

Debakel  

Dritter Tag in Folge Kursgemetzel  

Fundamental ist alles bestens, technisch leider ein Bärenmarkt­.

ist doch super so kann JD.com massiv eigene Aktien zurückkauf­en. Wieder 5 Milliarden­ Buybacks. Wenn der Kurs so bleibt haben die mit dem Buyback zuvor um die 20 Prozent dann bald zurückgeka­uft. Das genau das was man machen muss!  

Das sieht sehr gut aus, Bodenbildu­ng abgeschlos­sen würde ich sagen.