JD.COM INC

9618HKEX
9618
JD.COM INCHKEX
 
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Important events

Mar 112022

Investors cancel their order

Chinese e-commerce giant JD.com saw people stop shopping, costs start rising, and investors stop smiling in its fourth quarter report.

🔍 Key points:

  • Prices sank 15% at market open on Thursday to hit an all-time low after delivering a mixed bag of earnings, beating on the bottom line with EPS of $0.35 but missing on revenue that was up 23% at $43.3bn, which marks its slowest revenue growth in six quarters.
  • Operational costs are denting the balance sheet. JD.com saw general expenses rise 89% thanks to share-based compensation expenses, and fulfillment costs lifted 10% thanks to supply chain constraints. Added to that, a slowdown to the Chinese economyhas caused consumers to pull back on spending, taking a toll on sales.
  • The e-commerce space is already getting increasingly crowded, with rivals like Pinduoduo eating up market share, and tech companies are still contending with a crackdown in the region – so basically, things don’t look good.
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Illustration by TradingView

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