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JD's annual revenue in 2023 reached 1084.7 billion yuan, with a year-on-year increase of 188% in the number of third-party merchants

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On March 6th, according to the news, JD Group (HK09618, stock price of HKD 89.2, market value of HKD 283.627 billion) announced its Q4 and full year 2023 performance today. Data shows that in the fourth quarter of 2023, JD's revenue was 306.1 billion yuan (RMB), a year-on-year increase of 3.6%; The annual revenue was 1084.7 billion yuan, a year-on-year increase of 3.7%. Among them, the annual service revenue reached 213.4 billion yuan, a year-on-year increase of 17.8%. In terms of net profit, the net profit attributable to the parent company in the fourth quarter of 2023 was 3.4 billion yuan, compared to 3 billion yuan in the same period last year; The net profit attributable to the parent company for the whole year was 24.2 billion yuan, and for the whole year of 2022, it was 10.4 billion yuan. In addition, in 2023, the number of third-party merchants on JD.com increased by 188% year-on-year, and the number of new merchants added within a year increased by 4.3 times year-on-year. As of the time of writing, JD's US stock market rose by over 10% before trading.
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