Jingdong Group Closed Down 5.59% At HK $324.2 In The Afternoon

On March 15, it was reported that Hong Kong shares closed in the afternoon. Data showed that Jingdong group fell 5.59% to HK $324.2, with a total market value of HK $1.01 trillion.

Recently, JD released its fourth quarter financial report in 2020. The data showed that the net income of Jingdong group was 224.3 billion yuan (about 34.4 billion US dollars), with a year-on-year growth of 31.4%. Among them, the net service income was 32.1 billion yuan (about 4.9 billion US dollars), with a year-on-year increase of 53.2%, accounting for 14.3% of the net income.

Overall, Jingdong's fourth quarter financial report was mixed. In the fourth quarter, JD's new business mainly focusing on Logistics lost more than 700 million yuan, with a loss rate of 4.6%. This also indirectly contributed to the poor performance of operating profit margin in the quarter, which was only 0.3%.

Previously, there was a rumor that Jingdong might invest RMB 11.6 billion in Guojin securities. Later, Guojin securities refuted the rumor, and the decline of Hong Kong stocks deepened at that time.

In addition, on March 14, the Fujian Provincial Consumer Council announced the progress of the first public interest litigation case of Fujian Consumer Council at the meeting of "commemorating 315 international consumer rights and interests day". The Fuzhou Consumer Committee provided clues to the public interest litigation case and assisted Fujian consumer committee to file a "marked price" public interest litigation against Jingdong Mall. Fuzhou intermediate people's court has accepted the case.