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JD.com reported a significant boost in growth during Q2 2025, with revenue from its core Retail business increasing by 20.6% and a 199% surge in its new business segment, driven primarily by food delivery. The company recorded 2.2 billion orders during the 618 Grand Promotion, and its quarterly active customers (QAC) grew over 40%, reaching a new high.
Alibaba Group achieved 300 million monthly active consumers by August 2025, a 200% increase since April, with daily orders peaking at 120 million. Meanwhile, PDD Holdings is expanding its reach with Duo Duo Grocery now available in 70% of Chinese villages, affirming its competitive stance against JD.com in user acquisition.
JD.com shares have seen a 1.3% year-to-date increase, lagging behind the Zacks Retail sector’s 8.6% and the Internet-Commerce industry’s 12.2% growth. The forward price-to-earnings ratio stands at 10.35X, significantly lower than the industry average of 24.7X, with earnings estimates for 2025 and 2026 at $2.72 and $3.58 per share, respectively.
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