JD Expands Core Retail Engine: Is the Growth Thesis Strengthening?

Key Takeaways JD Retail gained strong momentum in the second quarter of 2025, validating its execution-driven strategy.JD Retail revenues rose 21% year over year in the second quarter of 2025 to RMB 310.1 billion ($43.3 billion).JD is leveraging logistics and direct sourcing to meet rising consumer demand efficiently.JD.com (JD) is reinforcing its leadership in China’s e-commerce market through a vertically integrated, supply chain-driven model that combines retail, logistics and marketplace services. JD Re ...