What smart money is saying about JD.com
1 fund in our archive has pitched JD.com — most recently Patient Capital Management in March 2025.
JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. In addition, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; offers asset management services and integrated service platform; leasing of storage facilities and related management services; and engages in online retail business. Further, it provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions; and technology-driven supply chain solutions and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.
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Position history
Between Q1 2025 and Q3 2026, 2 fund letters reported a position in JD.com, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 2 positions
- July 2026
“The world outside AI Beyond AI, the ceasefire between Iran and the US broke down during July. The impact on markets has been modest this time around – at least so far. Several of our Chinese holdings had a good month. The antitrust investigation into online travel agency, Trip.com, concluded, and the stock began recovering some the ground it lost during the investigation. Shares in Chinese consumer-facing firms, Midea and JD.com performed well as the government announced a new tranche of subsidies for consumer goods trade-ins.”
JD.com - June 2026
“The ecommerce operators MercadoLibre, Coupang, and JD.com also continued to detract (1.1%-1.4% each). This mix of detractors rather sums up the recent performance cycle of the Strategy.”
JD.com
Also mentioned · 1
These funds discuss JD.com — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedNexPoint Merger Arbitrage FundJune 2026
“Deal reviews also continued to extend beyond traditional antitrust analysis. In May, the Commission opened an in-depth investigation under the Foreign Subsidies Regulation into JD.com’s proposed acquisition of CECONOMY, focusing on whether non-EU financial support could distort the bidding process or strengthen the combined company’s position.”
JD.com
Fund coverage · 1 thesis
- Patient Capital ManagementMarch 2025
JD.com Inc. is well-positioned to benefit from increased demand and improving margins in the Chinese e-commerce market, supported by a government trade-in policy and disciplined spending, while returning cash to shareholders through dividends and buybacks.
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