Zhong Guo Jing Ji Wang·2025-05-14 07:44Core Insights - JD Group reported a revenue of 301.1 billion yuan for Q1 2025, marking a year-on-year growth of 15.8%, the highest growth rate in nearly three years [1] Revenue Breakdown - JD's product revenue reached 242.3 billion yuan in Q1, with a year-on-year increase of 16.2%. The revenue from electronic products grew by 17.1%, while daily necessities saw a growth of 14.9%. Supermarket categories maintained double-digit growth for five consecutive quarters, reinforcing JD's competitive advantage in core categories [2] - JD announced a 200 billion yuan support plan for exporting goods to domestic sales, aiming to procure no less than 200 billion yuan worth of goods over the next year. As of the end of April, thousands of companies have engaged in substantial procurement discussions with JD, facilitating foreign trade companies to enter the domestic market and providing consumers with more foreign goods [2] R&D and Technological Advancements - Since fully transitioning to a technology-driven model in 2017, JD has accumulated a total R&D investment of 145.6 billion yuan by Q1 2025. The company has over 14,000 intelligent agents in operation, focusing on deep application in various business scenarios [3] - JD Cloud has developed five core scenarios based on practical experience, including collaborative office, professional assistance, customer service, marketing promotion, and data application. The JoyAgent platform aims to enhance AI productivity across industries, supporting businesses in their digital transformation [3] - Technological investments and innovations are expected to optimize supply chain management, improve logistics efficiency, and enhance user experience through personalized recommendations and convenient after-sales services, thereby creating continuous value for users [3]