JD.com (JD, Financial) has reported its financial results for the fourth quarter and full year of 2024. The company's annual revenue reached RMB 1.1588 trillion, with fourth-quarter revenue at RMB 347 billion, marking a 13.4% year-over-year increase. Product revenue grew by 14%, outpacing the growth rate of online retail sales for physical goods, while service revenue saw a 10.8% increase, contributing to strong double-digit growth in both categories.
During the fourth quarter, JD.com achieved robust double-digit revenue growth in categories such as electronics and daily necessities. Notably, the supermarket category recorded consistent double-digit revenue growth over four consecutive quarters.
The company has revealed plans to repurchase up to $5 billion worth of its shares, including American Depositary Shares (ADS), over the next 36 months. Additionally, JD.com’s board has approved an annual cash dividend of $0.5 per ordinary share or $1.0 per ADS for the year ending December 31, 2024, with an anticipated total dividend payout of approximately $1.5 billion.
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