Xin Lang Ke Ji·2025-11-13 09:55Core Insights - JD Group reported Q3 2025 revenue of 299.1 billion RMB (approximately 42 billion USD), a year-on-year increase of 14.9%, exceeding expectations [1] - Net profit for Q3 was 5.3 billion RMB, down from 11.7 billion RMB in the same period last year [1] Retail Business Performance - The core retail business of JD Group strengthened its market position, with daily necessities category revenue growing by 18.8%, approximately four times the industry average growth rate [1] - Supermarket category revenue achieved double-digit growth for seven consecutive quarters [1] - Clothing and footwear category revenue growth was about eight times the industry average [1] - New businesses, including food delivery, saw a revenue increase of 214% year-on-year, accelerating growth compared to Q2 [1] Service Revenue Growth - Service revenue grew by 30.8% year-on-year, marking the highest growth rate in nearly two years, with revenue share reaching a historical high of 24.4% [1] User Growth and Business Strategy - The annual active user count surpassed 700 million in October, marking a new milestone [2] - The core retail business has established a multi-engine complementary growth matrix [2] - JD Group aims to consolidate its leading market position in the home appliance category while exploring growth potential in daily necessities and advertising services [2] - The food delivery business continues to expand, with improved unit economics leading to reduced losses [2] - Overall, all business segments are making steady progress, with expectations for synergistic growth to unlock long-term development potential [2]