Q1 2025 JD.Com Inc Earnings Call Transcript

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May 13, 2025

May 13, 2025 / 12:00PM GMT
Operator

Hello, and thank you for standing by for JD.com's first-quarter 2025 earnings conference call. At this time, all participants are in listen-owned mode. After management prepared remarks, there will be a question and answer session. Today's conference is being recorded. If you have any objections, you may disconnect at this time.

I would now like to turn the meeting over to your host for today's conference, Sean Zhang, Director of Investor Relations. Go ahead.

Sean Zhang - JD.Com Inc - Director of Investor Relations

Thank you. Good day, everyone. Welcome to JD.com Q1 2025 earnings conference call. With us today is CEO of JD.com, Ms. Sandy Xu, she will kick off the call with her opening remarks; and our CFO, Ms. Ian Su Shan, will discuss the financial results. Then we'll open the call to question for analysts.

Before turning the call over to Sandy, let me quickly cover the Safe Harbor. Please be reminded that during this call, our comments and responses to questions reflect management's view as of today only, and we'll include forward-looking

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