May 14, 03:04 AM

China’s Listed Companies Post 1.49 Trillion Yuan Profit Growth in Q1 2025 as JD.com Food Delivery Nears 20 Million Daily Orders

China's listed companies reported solid financial results for the first quarter of 2025, with combined net profit attributable to shareholders reaching 1.49 trillion yuan (approximately $207 billion), marking a 3.64% increase from the previous year. This growth was driven by robust consumer spending and technological innovation despite global economic uncertainties. JD.com, a major Chinese e-commerce company, exceeded revenue expectations in Q1, supported by its newly launched food delivery business. Revenue from JD's new business segment, including food delivery, rose 18% year-on-year to 5.8 billion yuan ($798 million), reversing a 19% decline from the same period last year. The food delivery service has rapidly expanded, with daily orders nearing 20 million. However, the new business segment still recorded deeper losses amid intense competition in the food delivery market. Overall, more than 70% of China's listed companies were profitable in the first quarter, with retail and logistics sectors showing resilience despite tariff-related challenges.

#China #Chinese #JD

Written with ChatGPT (GPT-4).