Q: What is JD.com (JD) Q1 2024 Earnings Call Transcript Summary?
Here are the specific viewpoints from earnings call
Bullish Points:
1. Top-line growth accelerated and market share expanded.
2. Net promoter score (NPS) notably improved year on year.
3. General merchandise, especially supermarket category, returned to healthy growth.
4. Electronics and home appliances category remains resilient.
5. Quarterly active customers and shopping frequency showed robust growth.
6. Order volume continued to increase at a double-digit rate year on year.
7. Active merchant base on the platform rapidly expanded.
8. Marketplace and marketing revenues returned to positive growth.
9. Strong supply chain capabilities leading to improved economies of scale.
10. JD Retail's gross margin increased across almost all categories.
Bearish Points:
1. Average order value decreased due to low price offerings.
2. Commission revenues under marketplace and marketing continue to decrease.
3. JD Retail non-GAAP operating profit decreased by 5%.
4. Operating margin was down 50 bps year on year to 4.1% in Q1.
5. Revenues of new business were down 19% in Q1, primarily due to the adjustment of Jingxi business.
For more information about JD.com(JD)'s earnings call, you can read the relevant news: JD.com (JD) Q1 2024 Earnings Call Transcript.
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