TacticScaleWhat JD.com Does & How It Makes Money (9618.HK)
Updated October 2026 · reflects JD.com's latest reported financials
China's supply-chain-driven e-commerce retailer with its own logistics network. JD earns most revenue by buying and reselling goods directly to consumers online, plus commissions and advertising fees from third-party merchants on its marketplace.
How JD.com makes money
JD earns most revenue by buying and reselling goods directly to consumers online, plus commissions and advertising fees from third-party merchants on its marketplace. It also charges for logistics, supply chain solutions, warehouse leasing and property/asset management services.
What JD.com does
JD.com is a Beijing-based, supply chain-driven technology and retail company operating mainly in China and also in Europe. Founded in 2006 (formerly 360buy Jingdong), it reports through three segments: JD Retail, JD Logistics and New Businesses. Its retail arm sells a very broad catalog directly — electronics, home appliances, computers, groceries and fresh food, apparel, cosmetics, luxury goods, books, pet products and healthcare items — while also hosting third-party merchants on its online marketplace. Beyond retail, JD monetizes its infrastructure: it provides logistics and technology-driven supply chain solutions, marketing services, omni-channel solutions for offline retailers and online healthcare services. It also develops and manages logistics facilities and other real estate, leasing storage space and offering asset management services to third parties.
Products & services
- JD Retail online store
- JD Logistics
- Third-party online marketplace
- Online healthcare and pharmacy
- Marketing services for merchants
- Logistics facilities and warehouse leasing
What is JD.com worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
We show a fair value only when the method is trustworthy. See JD.com on TacticScale →