JD.com, Inc. (JINGDONG)

Founded in 1998 as a brick-and-mortar electronics shop in Beijing, JD.com launched its online business in 2004 and listed on Nasdaq in May 2014. It has since expanded from retail into logistics, technology, healthcare, industrial supply chains, property development, and international business.

JD.com combines direct online retail with a third-party marketplace and services businesses. Its 2025 reporting segments were JD Retail, JD Logistics, and New Businesses; full-year 2025 net revenue was RMB1,309.1 billion.

The firm's clearest operational strength is supply-chain execution. JD operates more than 1,600 warehouses, with a warehouse network exceeding 34 million square meters, and its fulfillment infrastructure employed 642,940 warehouse and delivery workers as of December 31, 2025. This makes JD particularly relevant for students interested in e-commerce, operations, logistics, procurement, retail strategy, and technology-enabled supply chains.