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Consolidated Statements of Cash Flows
¥ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
Cash flows from operating activities:        
Net income/(loss) ¥ 9,691 $ 1,407 ¥ (4,467) ¥ 49,337
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Depreciation and amortization 7,236 1,049 6,232 6,068
Share-based compensation 7,548 1,095 9,134 4,156
Losses from disposal of property, equipment and software 407 59 18 68
Gain from extinguishment of debt (6) (1)   (11)
Deferred income tax (549) (80) (651) (719)
Amortization of discounts and issuance costs of the unsecured senior notes 12 2 14 19
Allowance for doubtful accounts 926 134 708 353
Impairment of investments 1,969 285 574 208
Fair value change of long-term investments 4,096 594 7,252 (29,483)
(Gains)/losses from acquirements or disposals of business and investment 3,558 516 (140) (279)
Gain on sale of development properties (1,379) (200) (767) (1,649)
Share of results of equity investees 2,195 318 4,918 (4,291)
Foreign exchange (gains)/losses (114) (17) (42) 90
Changes in operating assets and liabilities:        
Accounts receivable (7,196) (1,043) (5,632) (412)
Advance to suppliers 9 1 (107) (2,300)
Inventories (2,278) (330) (16,697) 799
Prepayments and other current assets (1,969) (288) (2,539) (260)
Amount due from related parties 1,763 256 (278) 583
Operating lease right-of-use assets (525) (76) (4,045) (2,922)
Other non-current assets 2,397 348 (1,701) (871)
Accounts payable 17,658 2,560 32,585 11,095
Advance from customers 4,526 656 8,702 4,052
Deferred revenues (319) (46) (243) (235)
Taxes payable 3,206 465 (468) 849
Amount due to related parties 847 123 (66) 282
Accrued expenses and other current liabilities 3,295 478 5,257 4,784
Operating lease liabilities 705 102 4,180 3,233
Other non-current liabilities 110 16 570  
Net cash provided by operating activities 57,819 8,383 42,301 42,544
Cash flows from investing activities:        
Purchase of short-term investments (180,291) (26,140) (167,684) (60,747)
Maturity of short-term investments 165,093 23,936 113,362 25,148
Purchases of long-term time deposits and wealth management products (3,019) (438) (160) (5,000)
Maturity of long-term time deposits and wealth management products 30 4    
Purchases of investment securities     (2,656) (1,122)
Cash received from disposal of investment securities 6,348 920 13,165 9,139
Prepayments and investments in equity investees (4,501) (653) (11,576) (16,939)
Cash received from disposal of equity investments 412 60 407 1,092
Cash paid for loan originations (77,577) (11,248) (82,197) (60,304)
Cash received from loan repayments 77,732 11,270 80,561 60,879
Purchase of property, equipment and software (5,495) (797) (5,562) (3,370)
Disposal of equipment and other assets 1,418 206 1,765  
Purchase of intangible assets (10) (1) (23) (19)
Cash paid for asset acquisitions, net of cash acquired (2,170) (315) (1,603)  
Purchase of land use rights (5,236) (759) (7,825) (1,518)
Cash paid for construction in progress (12,172) (1,765) (8,868) (7,549)
Cash received from sale of development properties 1,686 244 3,549 4,787
Cash received from/(paid for) business combinations, net of cash acquired (15,684) (2,274) (321) 671
Loans provided to JD Technology (502) (73) (169) (2,342)
Other investing activities (88) (10) 1,587 (617)
Net cash used in investing activities (54,026) (7,833) (74,248) (57,811)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares       31,342
Repurchase of ordinary shares (1,823) (264) (5,246) (312)
Proceeds from issuance of ordinary shares pursuant to share-based awards 1,043 151 62 236
Cash paid for dividends (13,087) (1,897) 0 0
Proceeds from issuance of convertible redeemable preferred shares of JD Logistics       443
Capital injection from non-controlling interest shareholders 8,020 1,163 27,662 34,579
Return of capital to non-controlling interests (36) (5) (68)  
Acquisition of additional equity interests in non-wholly owned subsidiaries (4,581) (664) (775)  
Proceeds from short-term borrowings 33,208 4,815 7,133 14,766
Repayment of short-term borrowings (31,804) (4,611) (5,982) (16,582)
Proceeds from long-term borrowings 14,101 2,044    
Repayment of long-term borrowings (3,635) (527) (29) (123)
Proceeds from unsecured senior notes       6,804
Repurchase and repayment of unsecured senior notes (31) (4) (3,246) (72)
Other financing activities (195) (30) (8) (9)
Net cash provided by financing activities 1,180 171 19,503 71,072
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 3,490 506 (1,498) (5,082)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 8,463 1,227 (13,942) 50,723
Cash, cash equivalents, and restricted cash at beginning of year, including cash and cash equivalents classified within assets held for sale 76,693 11,119 90,635 39,912
Less: cash, cash equivalents, and restricted cash classified within assets held for sale at beginning of year     116  
Cash, cash equivalents, and restricted cash at beginning of year 76,693 11,119 90,519 39,912
Cash, cash equivalents, and restricted cash at end of year, including cash and cash equivalents classified within assets held for sale 85,156 12,346 76,693 90,635
Less: cash, cash equivalents, and restricted cash classified within assets held for sale at end of year 41 5   116
Cash, cash equivalents, and restricted cash at end of year 85,115 12,341 76,693 90,519
Supplemental disclosure of cash flow information:        
Cash paid for income taxes (2,555) (370) (2,538) (1,190)
Cash paid for interest (2,393) (347) (1,221) (1,020)
Supplemental disclosures of non-cash investing and financing activities:        
Issuance of ordinary shares in connection with strategic cooperation agreement with Tencent 448 65 463 549
Right-of-use assets acquired under operating leases 7,700 1,116 ¥ 10,228 10,678
Acquisition of equity interest in Jiangsu Five Star by loan conversion       1,025
Acquisition of equity interest in Kuayue Express by issuance of ordinary shares of JD Logistics       ¥ 116
Acquisition of equity interest in Dada by strategic resources ¥ 1,606 $ 233