Although JD.com's net income has always been higher than that of Alibaba, its net profit margin was only 4% in 3Q 2020, which is much lower than Alibaba's 25%. The net profit attributable to ordinary shareholders was CNY 5.6 billion, a year-on-year increase of 80.1%. Revenue reached CNY 174.2 billion, a year-on-year increase of 29.2%. In the third quarter of 2020, JD.com delivered a satisfactory transcript. As a retailer, JD.com is improving its operational efficiency, defeating traditional retail Unlike Alibaba, which extends its tentacles to finance, cloud computing and other industries, forming a cross-sector monopoly, JD.com plays a more low-key role as a 'retailer.' However, the company's fintech arm JD Digits is growing fast, too - valued at USD 28.5 billion, it applied for a Star Market IPO in 2020.
After the news, the Internet giants' shares plummeted.įrom another perspective, it happens to be a good buying point for JD.com. On December 30, JD.com, Tmall, and Vipshop ( VIPS) were fined CNY 500,000 for issues such as false promotions and 'induced transactions' that consumers reported with emphasis before and after the 'Double Eleven' shopping festival.
In the regulator's scope now are Taobao and Tmall, which have practiced the 'picking one from two' strategy, which prevents their merchants from finding a space on JD.com ( NASDAQ: JD), Pinduoduo ( PDD) and the like. On December 24, the State Administration for Market Regulation announced an investigation into Alibaba's ( BABA) monopolistic conduct.
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