JD.com在三年多的时间里首次公布季度净损失,在2025年第4季度损失27亿元人民币,原因是激烈的竞争以及食品交付和杂货服务方面的大量开支。 JD.com posted its first quarterly net loss in over three years, losing 2.7 billion yuan in Q4 2025 due to intense competition and heavy spending on food delivery and grocery services.

JD.com报告了三年多来第一次季度净损失,在与Meituan、Alibaba和PDD竞争的驱动下,2025年4月,由于价格高涨,食品和杂货服务补贴高,造成27亿元人民币损失。 JD.com reported its first quarterly net loss in over three years, posting a 2.7 billion yuan loss in Q4 2025 due to aggressive pricing and heavy subsidies in its food delivery and grocery services, driven by competition with Meituan, Alibaba, and PDD. 尽管收入增长了1.5 % , 达到3523亿元(略低于估算值), 但该公司的非GAAP利润却逐年下跌了90%。 Despite a 1.5% revenue increase to 352.3 billion yuan—slightly below estimates—the company’s non-GAAP profit dropped 90% year-over-year. 营销支出猛增50%以上,年利润下跌近53%。 Marketing expenses surged over 50%, and annual profit fell nearly 53%. 该公司保持强劲的财政状况,宣布14亿美元的红利,并计划扩大国际范围,在欧洲启动Joybuy平台。 The company maintained a strong financial position, announced a $1.4 billion dividend, and plans to expand internationally with its Joybuy platform launching in Europe.