JD.com (JD) Q1 FY26 earnings call

JD.com delivered a strong Q1 FY26, marked by sequential revenue acceleration driven by robust general merchandise growth and expanding profitability across segments. The company saw significant user base expansion and engagement, while its new business segment achieved substantial loss reduction. Despite near-term headwinds in electronics, JD.com remains confident in its full-year trajectory, leveraging its supply chain model and AI innovations for sustained efficiency and value creation.