Compensation
Fiscal year 2025
- In 2025, JD.com paid or accrued an aggregate of approximately RMB247 million (US$35 million) in cash to directors and executive officers as a group.
- No amounts set aside or accrued to provide pension, retirement, or similar benefits to executive officers and directors.
- PRC subsidiaries and consolidated VIEs are required by law to make statutory contributions for pension, medical, unemployment insurance, and housing provident fund.
- Comprehensive retirement plan for eligible retiring salaried senior management based on years of employment and contributions, including cash payments, incentive share awards and options, additional insurance, and pension plans.
- Share-based compensation expenses: RMB4,726 million (US$676 million) in aggregate for FY2025.
- Share-based compensation for Mr. Richard Qiangdong Liu: RMB1,367 million (US$195 million) in FY2025.
- In May 2025, Mr. Liu was granted options for 5,000,000 Class A ordinary shares at US$17.175/share (US$34.35/ADS) and 10,000,000 RSUs, both with 5-year vesting.
- As of December 31, 2025, outstanding awards under all plans: 71,863,066 shares in RSUs and 22,566,154 shares in options.
- 2023 Share Incentive Plan effective December 21, 2023; maximum 311,689,671 shares as of annual report date.
- Employment agreements with each executive officer include specified terms, for-cause and without-cause termination, 30-day resignation notice, confidentiality, and 2-year non-compete/non-solicitation.