JD.com's Food Delivery Nears 20M Daily Orders, General Merchandise Maintains Strong Growth

Earnings Call
13 May

1. JD.com's Q1 food delivery business is showing rapid growth, with daily order volume approaching 20 million.
2. The company sees food delivery as an extension of its core retail business, not a standalone operation.
3. JD aims to leverage its brand trust, "30-5 principle" of reasonable profits, and logistics capabilities to address unmet demands in food delivery.
4. The company is focusing on user and merchant experience, business scale, and investment ROI for food delivery.
5. JD's general merchandise category maintained double-digit revenue growth, with supermarket and fashion categories accelerating sequentially.
6. The company plans to expand brand selections and merchant base in fashion, while leveraging supply chain advantages.
7. Supermarket category has achieved double-digit revenue growth for five consecutive quarters, with potential synergies from food delivery and on-demand retail.
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