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Related party transactions (Tables) | 12 Months Ended
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Dec. 31, 2024
Related party transactions |
Schedule of the major related parties and their relationships with the Group | The table below sets forth the major related parties and their relationships with the Group as of December 31, 2024:
Name of related parties |  | Relationship with the Group
Tencent and its subsidiaries (“Tencent Group”) (1) |  | A shareholder of the Group
Dada and its subsidiaries (“Dada Group”) (2) |  | An investee of the Group
JD Technology |  | An investee of the Group, and controlled by the Founder
Property Funds |  | Investees of the Group
(1) | In March 2022, Tencent completed a distribution of approximately 460 million Class A ordinary shares of the Company owned by Tencent to its shareholders. As of March 31, 2022, Tencent’s shareholding in the Company was approximately 2.3% and Tencent had no significant influence over the Company. As a result, Tencent Group was not considered as the Group’s related party since then.
(2) | Dada became the subsidiary of the Company since February 28, 2022. As a result, Dada Group was not considered as the Group’s related party since then.
Schedule of the major related party transactions |
(a) | The Group entered into the following transactions with the major related parties:
Transactions |  | For the year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | (RMB in millions) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commission from cooperation on advertising business with Tencent Group (1) |  |  | 44 |  |  |  | — |  |  |  | — |
Services provided and products sold to Tencent Group (1) |  |  | 77 |  |  |  | — |  |  |  | — |
Services provided and products sold to Dada Group (2) |  |  | 135 |  |  |  | — |  |  |  | — |
Services provided and products sold to JD Technology |  |  | 1,044 |  |  |  | 1,696 |  |  |  | 1,701 |
Services provided to Property Funds |  |  | 131 |  |  |  | 177 |  |  |  | 208 |
Cost of revenues and operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Services received and purchases from Tencent Group (1) |  |  | 1,314 |  |  |  | — |  |  |  | — |
Services received from Dada Group (2) |  |  | 212 |  |  |  | — |  |  |  | — |
Payment processing and other services received from JD Technology |  |  | 11,494 |  |  |  | 13,833 |  |  |  | 13,693 |
Lease and property management services received from Property Funds |  |  | 1,249 |  |  |  | 1,681 |  |  |  | 1,765 |
Other income: |  |  |  |  |  |  |  |  |  |  |  |
Income from non-compete agreement with Dada Group (2) |  |  | 13 |  |  |  | — |  |  |  | — |
Interest income from loans provided to JD Technology |  |  | 301 |  |  |  | 287 |  |  |  | — | *
Interest income from loans provided to Property Funds |  |  | 43 |  |  |  | 56 |  |  |  | 48 |
* | Absolute value is less than RMB1 million or US$1 million.
Schedule of the major related party balances |
(b) | The Group had the following balances with the major related parties:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
|  | (RMB in millions) |
Due from/(to) JD Technology |  |  |  |  |  |  |  |
Loans provided to JD Technology (3) |  |  | 50 |  |  |  | — |
Other payables to JD Technology |  |  | (1,497 | ) |  |  | (1,170 | )
Due from Property Funds |  |  |  |  |  |  |  |
Loans provided to Property Funds (3) |  |  | 1,136 |  |  |  | 2,457 |
Other receivables from Property Funds |  |  | 427 |  |  |  | 1,837 |
Total |  |  | 116 |  |  |  | 3,124 |
(3) | In relation to the loans provided to JD Technology and Property Funds, the Group charged JD Technology and Property Funds, and cash flows resulted from the loans were presented within investing activities in the consolidated statements of cash flows.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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