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JD · Shops & e-commerce · China

JD.com

One of China’s biggest online stores, with its own delivery network.

Company Health

/100

Weak

A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.

Does it make money?

7 of 25 · Poor

CN¥2 of every CN¥100 in sales was left as profit last year.

Is it growing?

17 of 25 · Okay

Sales grew about 8% a year over the last 3 years.

Can it handle what it owes?

1 of 25 · Poor

It would take about 14 years of the cash its business brings in to pay off everything it owes.

Does it bring in spare cash?

7 of 25 · Poor

After paying for buildings and equipment, less than CN¥1 of every CN¥100 in sales was left as spare cash.

Who owns it

None of the 23 funds we follow reported owning JD.com in their latest reports. Appaloosa sold all their shares in their latest report.

bought lately

owns it

doesn’t own it

Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre

Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners

From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From JD.com’s yearly reports, in Chinese yuan. Tap a year to see its figures.

Sales and profit

Sales grew from CN¥746 billion in 2020 to CN¥1.31 trillion in 2025, and it made a profit in 5 of the 6 years.

2025

Sales

CN¥1.31 trillion

Profit

CN¥23.1 billion

Spare cash each year

It had cash to spare every year, ending with CN¥11.2 billion to spare in 2025.

2025

Spare cash

CN¥11.2 billion

Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned CN¥695 billion, including CN¥137 billion in cash, and owed CN¥401 billion.

Key facts

From its yearly report for 2025.

Sales

CN¥1.31 trillion

Profit

CN¥23.1 billion

Spare cash

CN¥11.2 billion

Cash in the bank

CN¥137 billion

Everything it owes

CN¥401 billion

Year ends

December

Money shown in

Chinese yuan

Latest yearly report

20-F, filed Apr 16, 2026

Figures from JD.com’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.

Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works