Beijing Time On the evening of March 2, Jingdong Group released its fourth quarter and full year results for fiscal year 2017. Jingdong Group's net profit from continuing operations in non-GAAP reached a record high this fiscal year (About 800 million U.S. dollars), a substantial increase of 140% over the same period of the previous year. GAAP's net profit from continuing operations was 117 million yuan (about 18 million U.S. dollars).
"Daily Economic News" reporter noted that behind the good earnings report, 2017 is the biggest change in Jingdong.In early 2017, Jingdong officially proposed and established a "unbounded retail" strategic ambitions, a change to the past closed e-commerce ecosystem, with the Open, symbiotic, and win-win attitude Transformation of retail infrastructure providers, fully open to partners, including the import of traffic and offline retail ecosystem layout, the joint partner partners blocking Ali increasingly obvious trend, which also Jingdong brought a real transaction upgrade.
Fully open to enable the year
Based on this strategic transformation, Jingdong and Tencent have fully upgraded the "Jingteng Unbounded Retail Solution" based on the original "Jingteng Plan" and realized the integration of online and offline data between Jingdong and Tencent users, and through the scenes and transactions Beijing Jingdong has successively signed a series of "Beijing X Plan" with traffic giants such as Baidu and Netease successively after "Beijing Project" (launched by Jingdong and the headlines of today).
It seems the industry, through precise delivery and content cooperation, can help brand reach nearly 100% of Chinese Internet users.At the same time, based on big data algorithms in the information flow recommend some consumer information in line with user preferences, which increases the user The potential purchase opportunities, has brought the promotion of real trading.
According to the earnings report, the open cooperation has achieved remarkable results with Jingdong's annual active subscriber population of 292.5 million, an increase of 29.1% as of December 31, 2017. The full year 2017 net income reached 362.3 billion yuan (about 55.7 billion U.S. dollars) Representing an increase of 40.3% over the same period of 2014. In FY 2017, service and other businesses increased 49.9% YoY in revenue, with services and other revenues up 54.7% YoY in Q4 2017.
In addition, JD.com expects net revenues for the first quarter of 2018 to range from RMB98 billion to RMB100 billion, representing an increase of approximately 30% to 33% over the same period of last year. The above figures exclude all of JD.com's financial results for FY 2017 This forecast reflects the current initial expectations of Jingdong, may change.
Plus logistics and retail layout
In addition to the transformation of 'unbounded retail' and the full opening-up, there are two important things that Jingdong should pay attention to in 2017: one is the establishment of Jingdong Logistics Group and the largest self-built logistics system in China's e-commerce sector; the other is to join hands with Tencent, To strategic investment, self-built no supermarket, etc., the initial establishment of retail ecological layout.
According to the earnings report, driven by the user experience brought by the more efficient smart supply chain and logistics and distribution system, Jingdong Group's total transaction volume (GMV) in 2017 maintained a steady growth. The annual total transaction volume has accumulated nearly 13,000 As of December 31, 2017, Jingdong Logistics operated 486 large warehouses with a total area of about 10 million square meters, and on February 14 this year, Jingdong Logistics Group completed the first round of financing with a total amount of about 2.5 billion U.S. dollars.
Comprehensive transformation of unbounded retail infrastructure providers is the current Jingdong Group's core strategy, in order to further promote the integration of consumer scenarios without bound, in the earnings report period, Jingdong Group with Tencent has Wanda commercial, backgammon commerce and a number of super-offline retailers established Equity investment and strategic partnership.
In the layout of the retail line at the same time, Jingdong also jointly Tencent strategic stake in the only product will be beautiful with the United Group to set up a new joint venture in the industry that this series of actions are to further accelerate the pace of the east into the female consumer market, As well as explore model innovation in the field of social e-commerce to reverse Ali's dominant market structure in the female user market.