JD.com Ranks 46th on 2022 Fortune Global 500

JD.com Ranks 46th on 2022 Fortune Global 500

The Chinese e-commerce company JD.com has ranked 46th on the 2022 FORTUNE Global 500 list, moving up 13 places from the year prior and placing it within the top 50 companies in the world.

The Fortune Global 500 list is the most recognized ranking for the world’s largest stock-listed companies, measured by revenue. Assembled annually by Fortune magazine, revenues generated by this year’s Fortune Global 500 companies combined totaled USD 37.8 trillion, over one-third of the world’s GDP. It marked an increase of 19 percent over the year prior, the highest annual growth rate in the list’s history.

By 2021 year’s end, JD.com had a customer base of 570 million worldwide, and had increased its revenue YOY by 27.6 percent to USD 147.5 billion. Since debuting at number 366 on the annual list in 2016 JD.com has rapidly climbed in the ranks, leaping over 300 positions in just six years.

Much of this success has been a result of JD.com’s transformation from an e-commerce business into a supply chain-based technology and service provider. “In the past few years, we have firmly invested in supply chain infrastructure construction and digital intelligent technology research and development, a path that has at times been bitter and challenging but has also delivered the highest value,” said Richard Liu, chairman and founder of JD.com.

As Covid-19 has caused disruptions across the globe over the past two years, JD.com’s infrastructure has enabled it to adapt and operate with resiliency. It has emerged from the pandemic with a stronger sense of responsibility to create value and aid in the development of the real economy.

“Facing the more transmissible Omicron variant, JD once again fully leveraged our supply chain and mobilized all of the group’s forces to fight the epidemic and ensure supply of daily necessities across China,” said JD.com CEO Lei Xu on a conference call to discuss the results of the Q1 2022 earnings released on May 17. “Our efforts and commitment to social responsibility enabled us to win society’s trust and resulted in stronger reputation and appreciation among our users and business partners. This is highly significant for our long-term development.”

About JD.com

JD.com is a leading supply chain-based technology and service provider. Founded by Richard Liu in 1998, it was listed on the NASDAQ in 2014 and completed a secondary listing on the Hong Kong stock exchange in 2020. Its healthcare arm JD Health and its logistics subsidiary JD Logistics debuted on the Hong Kong stock exchange respectively in 2020 and 2021.

Known for its cutting-edge retail infrastructure, JD.com is the only e-commerce company globally of its scale that does in-house nationwide logistics. It manages more than 10 million SKUs of self-operated products across computer digital, mobile phones, home appliances, consumer goods, fashion, home furnishing, fresh food, life services, industrial products, and other categories, and is connected to millions of community supermarkets, vegetable stores, pharmacies, auto repair shops, and flower shops amongst others.

Leverages a network of roughly 1400 warehouses covering over 25 million square meters, approximately 90 percent of orders from JD.com are delivered the same or the next day. It has invested nearly USD12 billion in technology research and development over the past five years, in areas including could computing, artificial intelligence, automation, robotics, autonomous vehicles systems, and more.