On the Record · JD.com
JD.com acquisitions, on the record
The businesses JD.com bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Kuayue-Express Group Co., LTD.Word for word“In August 2020, JD Logistics acquired a controlling interest in Kuayue-Express Group Co., LTD., or Kuayue Express, a renowned modern integrated express transportation enterprise specializing in “limited-time express service” in China, for a total consideration of approximately RMB3 billion through a combination of acquiring existing shares and subscribing for newly issued shares of Kuayue Express.” 20-F for 2022 | acquisition | August 2020 | approximately RMB3 billion |
Ningbo Meishan Baoshui Area Deppon Investment Holding Company Limited (Deppon Holdco)Word for word“On July 26, 2022, JD Logistics completed the acquisition of more than 50% equity interest in Deppon Holdco, being the first tranche of the staggered acquisition arrangement.” 20-F for 2022 | acquisition | July 26, 2022 | — |
CNLPWord for word“On July 14, 2022, JD Property completed the acquisition and privatization of CNLP, and CNLP became a wholly-owned subsidiary of JD Property.” 20-F for 2022 | acquisition | July 14, 2022 | — |
Jiangsu Five StarWord for word“In the second quarter of 2020, we further acquired 54% equity interest and consolidated Jiangsu Five Star by converting the loan of RMB1.02 billion and assuming the seller’s RMB428 million debt owed to Jiangsu Five Star.” 20-F for 2022 | acquisition | the second quarter of 2020 | — |
Kuayue-ExpressWord for word“In August 2020, JD Logistics acquired a controlling interest in Kuayue-Express a renowned modern integrated express transportation enterprise specializing in “limited-time express service” in China, for a total consideration of approximately RMB3 billion through a combination of acquiring existing shares and subscribing for newly issued shares of Kuayue Express.” 20-F for 2023 | acquisition | August 2020 | approximately RMB3 billion |
Deppon Logistics Co., LtdWord for word“On July 26, 2022, JD Logistics completed the acquisition of more than 50% equity interest in Deppon, a Shanghai Stock Exchange-listed company and an integrated, customer-centered logistics company providing a wide range of solutions including Less-Than-Truckload (LTL) transportation, Full Truck Load (FTL) transportation, delivery services, and warehousing management.” 20-F for 2023 | acquisition | On July 26, 2022 | — |
Dada Nexus LimitedWord for word“For example, following the closing of our share subscription with Dada, a Nasdaq-listed company and a leading local on-demand retail and delivery platform in China, on February 28, 2022, we held approximately 52% of Dada’s issued and outstanding shares and began to consolidate the financial results of Dada into ours.” 20-F for 2023 | acquisition | February 28, 2022 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses |
|---|---|---|
| 2016-12-31 | $88.7 million | — |
| 2017-12-31 | $24.7 million | $2 billion |
| 2018-12-31 | $2.8 million | — |
| 2019-12-31 | $5.9 million | — |
| 2020-12-31 | −$102.9 million | — |
| 2021-12-31 | $50 million | — |
| 2022-12-31 | $2.27 billion | — |
| 2024-12-31 | $380 million | — |
| 2025-12-31 | $158 million | — |
Read from JD.com’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2026-04-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.