JD.com Inc posted Q4 revenue growth of 23% year-on-year to $43.29 billion, missing a consensus estimate of $43.36 billion, according to a press release by JD.COM on Thursday.
- JD.com’s net product revenue expanded 22.1% Y/Y to $36.83 billion. Net service revenues jumped 28.3% Y/Y to $6.47 billion, and JD retail revenue expanded 21.3% Y/Y to $39.2B.
- For the full year, JD.com posted net revenues of $149.3 billion, accounting for a 27.6% increase from 2020. Net product revenues expanded by 25.1%, as net service revenues rose by 44.7% for the year 2021 compared to 2020.
- JD.com’s annual active customer accounts rose by 20.7% Y/Y to 569.7 million in 2021.
Lei Xu, President stated that JD.com held a healthy growth momentum and led to a high-quality expansion of China’s consumption in a dynamic external environment. JD.com Inc up +1.02%.