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.
Get an email when a fund buys, sells or pitches it
Position history
Between Q1 2025 and Q3 2026, 5 fund letters reported a position in JD.com, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 1 | 0 | 1 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 1 move
- HoldsVision Capital FundSeptember 2026
“That said, we still have two “slower” growers: Meituan and JD.com.”
JD.com - 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 - ExitedAriel InternationalDecember 2025
“By comparison, we successfully exited eight positions on valuation: multinational insurance and financial services company, AXA SA, global automotive tech and components provider, Aptiv PLC, French banking and financial services company, BNP Paribas SA, leading market maker in European derivatives, Deutsche Boerse AG, Japan-based manufacturer of industrial and semiconductor-related equipment, Ebara Corporation, China-based E-commerce company, JD.com, Inc., Brazil-based telecommunications company, TIM SA and leading mobile telecommunications company, Telefónica Brasil SA.”
JD.com - June 2025
Listed in Renaissance IM International Equity’s reported holdings.
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.
Read the full thesis
Read every full thesis on JD.com
Read all 1 thesis in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→