JD.com's net income surges 132.8% YoY to $3.4b in 2023

The company’s revenue reached $152.8b, up by 3.7% from 2022.

China's JD.com reported a 132.8% year-on-year (YoY) increase in net income attributable to shareholders to $3.4b (RMB24.4b)

The company attributed the increase to its efforts in improving the user experience, price competitiveness, and platform ecosystem.

“We were pleased to finish 2023 on a strong note, with upticks in both revenues and profitability for the fourth quarter,” said Sandy Xu, chief executive officer of JD.com, in a statement. 

“JD’s proactive actions have begun to produce results as our decisive focus on user experience, price competitiveness, and platform ecosystem drives deeper and more frequent user engagement and healthier user growth momentum,” he added.

ALSO READ: JD.com upgrades ‘Spring Dawn Initiative’ with AI services

Meanwhile, its revenue increased by 3.7% YoY to $152.8b (RMB1,084.7b).

Per segments, JD Retail dominated the revenue share with $133.1b, followed by JD Logistics at $23.5b, and others at $3.7b.

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