Erinome:Hello dear friends, today we are going to talk about JD.com's 2025 Q2 financial report. It has some interesting numbers!
Enceladus:Oh, JD.com? I know them, they sell things online. How was their report?
Erinome:Wow, their revenue was 356.7 billion yuan! That's 22.4% higher than last year.
Enceladus:22.4%? That's a big jump! Did people expect that?
Erinome:Um, before the report, some said maybe 335.5 to 337.1 billion yuan. So they did better than expected!
Enceladus:Nice! What about users? More people shopping there?
Erinome:Yes! Active users grew over 40% this quarter. You know, in today's internet, getting 40% more users is really rare.
Enceladus:Why so many new users? Did they do something special?
Erinome:Mainly because of their new food delivery business. They started it in February this year.
Enceladus:Food delivery? Like Meituan or Ele.me?
Erinome:Yes! In Q2, their daily orders hit 25 million. And over 1.5 million stores joined them.
Enceladus:Wow, that's fast! How did they deliver so many orders?
Erinome:They have 150,000 full-time riders. And guess what? JD gives them social insurance and housing fund. Different from others!
Enceladus:That's good for riders! But... does it cost a lot?
Erinome:Oh yes, sad to hear that. Their new businesses, like food delivery, lost 14.8 billion yuan in Q2.
Enceladus:14.8 billion? That's a big loss! Why?
Erinome:They spent a lot on subsidies. Like "spend 15 yuan, get 14 off" promotions. And marketing costs went up to 27 billion yuan, 7.6% of revenue.
Enceladus:So their profit went down?
Erinome:Yes. Net profit was 7.4 billion yuan this quarter, but last year it was 14.5 billion. That's 51.6% lower.
Enceladus:Is it worth it then? Spending so much for food delivery?
Erinome:Um, maybe. Because more users came, and they bought more things on JD's main platform. Retail revenue grew 20%, and profit margin was 4.5%—a new high!
Enceladus:Oh right! The food delivery brought more people to shop. That's smart.
Erinome:You know, they also changed their strategy. They stopped "0 yuan purchases" and said no more crazy subsidies. Now focus on service quality.
Enceladus:Good move. No more wasting money. Did orders drop?
Erinome:A little, but still around 20 million daily. And riders have better protection. They signed an agreement: no more than 11 hours work, rest after 4 hours, stop in bad weather.
Enceladus:That's important. Riders need safe jobs.
Erinome:Yes! So even with short-term losses, JD is building a better service. Maybe in the future, it will pay off.
Enceladus:Hope so. It's not easy to fight in the food delivery market.
Erinome:Exactly. Okay, that's it for today. Let's talk again next time!
Enceladus:Bye!
