访问36氪出海网站letschuhai.com ，获取更多全球商业相关资讯。 迪拜不仅是一座城市，更是一个充满活力的全球贸易中心和机遇汇聚之地。作为世界上经济发展最具活力的地区之一，迪拜提供了独特的战略优势组 合，使其成为希望建立进出口业务的企业家的理想目的地。 2024年第一季度，迪拜的非石油外贸额达3810亿美元，充分反映了迪拜的经济实力和创业潜力。阿联酋对未来的愿景强调创新和多元化，为企业创造 了肥沃的发展土壤。作为金融和物流枢纽，迪拜还提供了进入亚洲、欧洲和非洲新兴市场的无与伦比的机会。 对于希望在迪拜建立进出口业务的企业家而言，现在正是把握机遇的时刻。支持性监管框架、大部分商业活动零公司税和政治稳定的环境，使迪拜成 为外国企业家的首选目的地。 历史回顾 阿联酋自古以来就是国际贸易的天然枢纽，它在东西方向连接亚洲和欧洲，在南北方向连接独联体国家和非洲。 早在公元6世纪，阿拉伯商人就驾驶传统木制单桅三角帆船远航，沿着连接中国和地中海的丝绸之路进行香料贸易。追溯更远，约公元前3000年，阿 联酋富含自然资源，与波斯和美索不达米亚等古代文明进行铜贸易。 1971年，阿布扎比、迪拜、沙迦、阿治曼、哈伊马角、乌 ...

Financial Data and Key Metrics Changes - Total revenues increased by 16% year on year, with non-GAAP net profit rising by 43% to RMB 12.8 billion, and net margin expanding by 82 basis points to 4.2% [5][21][30] - Gross margin improved by 60 basis points year on year to 15.9%, marking twelve consecutive quarters of year-on-year improvement [21][29] Business Line Data and Key Metrics Changes - Electronics and home appliances revenue grew by 17% year on year, while general merchandise revenue increased by 15% [22][23] - Supermarket category revenue growth reached double digits for the fifth consecutive quarter, with strong performance during the Chinese Lunar New Year [9][10] - Fashion category also saw accelerated revenue growth, driven by enhanced brand assortment and user recognition [10][11] Market Data and Key Metrics Changes - JD's quarterly active customer number increased by double digits year on year, with notable growth in user shopping frequency [11][12] - Growth in order volume and user base in lower-tier markets outpaced that of higher-tier markets [13] Company Strategy and Development Direction - The company aims to enhance supply chain capabilities and solidify market leadership in electronics and home appliances while tapping into the general merchandise market [5][7] - JD is expanding into on-demand retail, particularly food delivery, which is integrated into its existing retail ecosystem [14][15] - The company launched a RMB 200 billion export to domestic sales program to enrich product supplies on its platform [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth driven by structural opportunities in the industry, supported by government consumption stimulus policies [8][19] - The company is focused on sustainable long-term growth and maintaining flexibility to adapt to industry dynamics [19][31] Other Important Information - JD completed annual cash dividend payouts of USD 1.44 billion and repurchased approximately 80.7 million Class A ordinary shares, representing 2.8% of shares outstanding [21][79] - The company is actively leveraging AI and automation technologies across its ecosystem to enhance operational efficiency and user experience [18][60] Q&A Session Summary Question: What are the medium-term expectations for the food delivery initiative? - Management highlighted that food delivery is a natural extension of JD's core retail business, with significant demand and synergies expected to drive growth [38][40] Question: How is JD Retail sustaining momentum in apparel and general merchandise? - Management noted broad-based growth in general merchandise, with efforts focused on enhancing operational capabilities and user experience [45][47] Question: Can management share key metrics for the food delivery business? - Management reported strong user retention and cross-selling opportunities emerging, with over 1 million merchants onboarded [51][55] Question: How is AI being applied across JD's business segments? - AI is being utilized to enhance advertising effectiveness, improve operational efficiency, and optimize supply chain management [60][63]

以下是 京东 4Q24电话会纪要，财报点评请见《 国补撑场，京东总算 "出坑"了 》 一、财报核心信息回顾 | JD financial results wrap | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2Q23 | 4Q24E var | | | | | 3Q23 | 4Q23 | | | | 3Q24 | | 4Q24 | | | | | | | Rmb100 mn | | 4Q22 | 1Q23 | 1Q2 ...