JD reports revenue increase for 2022

Chinese e-commerce company JD reported on Thursday its net revenues stood at 1.05 trillion yuan ($151.7 billion) in 2022, representing a 9.9 percent increase over the previous year.

Net income attributable to ordinary shareholders reached 10.4 billion yuan last year, compared to a net loss of 3.6 billion yuan in 2021, and non-GAAP net income attributable to ordinary shareholders in 2022 was 28.2 billion yuan.

Xu Lei, CEO of JD, said while 2022 posed many challenges for JD and China as a whole, the company delivered solid operational results and surpassed 1 trillion yuan in annual revenue for the first time.

"Looking ahead, amidst ever-evolving opportunities and challenges we will stay focused on lowering costs, increasing efficiency and constantly improving user experience," Xu said.

The company's research and development expenses amounted to 16.9 billion yuan last year, compared with 16.3 billion yuan in 2021.

As of the end of last year, JD Logistics, the company's logistics arm, operated over 1,500 warehouses, covering an aggregate gross floor area of over 30 million square meters.