On the morning of September 13, JD's official official account, "JD Blackboard News", issued a notice that, following three consecutive rounds of salary increases at the beginning and middle of 2024, JD Group announced that it would start again on September 13: from October 1, JD Retail Group and its functional system would achieve 20 salaries in two years, and other departments would start salary increase plans in succession.
JD.com has also released its salary adjustments for the past three years. From July 1, 2021 to July 1, 2023, JD.com will gradually increase the average annual salary of its employees from 14 to 16; In January of this year, JD.com raised the fixed salaries of frontline business personnel such as procurement and sales by nearly 100%, and at the beginning of the year, all employees of JD.com Retail received salary increases; Starting from February this year, JD.com has increased the salaries of over 20000 frontline customer service employees.
JD.com stated that starting from July 1, 2024, within one and a half years, the annual fixed salary for JD's procurement and sales will be increased from 16 to 20, with no upper limit on performance incentives.
Meanwhile, JD.com is conducting large-scale campus recruitment. In August of this year, JD 2025 Campus Recruitment launched globally, opening 18000 positions and significantly increasing campus recruitment salaries once again. Previously, the person in charge of JD's talent introduction department stated in a media interview that the main growth points of this year's campus recruitment are concentrated in procurement and sales positions.
Before and after the return of Liu Qiangdong, Chairman of the Board of Directors and founder of JD.com, the company underwent significant reforms. In the second quarter of this year, JD. com's net profit attributable to common shareholders of the listed company under non US GAAP accounting standards reached RMB 14.5 billion, a year-on-year increase of 69%, and the net profit margin reached 5% for the first time, both significantly exceeding market expectations. In the first half of the year, JD's revenue reached 551.4 billion yuan. According to JD's financial report, its management expenses decreased by 9.58% year-on-year in the second quarter of this year.
In May of this year, an internal statement by Liu Qiangdong sparked widespread discussion online. It is reported that Liu Qiangdong advocated a "wolf culture" in his speech, criticizing employees for lying flat and saying "not working hard is not my brother".
In August this year, Wal Mart, the major shareholder of JD, announced that it would sell all of its 144.5 million shares. Later, JD announced in the Hong Kong Stock Exchange that it would spend about $390 million to buy back its shares on August 21, and had fully used the buyback limit of the $3 billion stock buyback plan approved in March 2024.