2026 RMB RMB US$ RMB RMB US$ (In millions, except percentage data) Net revenues: JD Retail 310,075 295,383 43,534 573,920 563,971 83,119 JD Logistics 51,564 64,102 9,447 98,531 124,683 18,376 New Businesses 13,852 7,260 1,070 19,605 13,539 1,995 Inter-segment eliminations* (18,831 - (20,344 - (2,998 - (34,314 - (40,098 - (5,909 - Total consolidated net revenues 356,660 346,401 51,053 657,742 662,095 97,581 Less: cost of revenues: JD Retail (256,527 - (240,650 - (35,467 - (475,922 - (459,279 - (67,689 - JD Logistics (46,234 - (57,991 - (8,547 - (90,019 - (113,842 - (16,778 - New Businesses (14,405 - (4,911 - (724 - (18,991 - (9,345 - (1,377 - Inter-segment eliminations* 17,171 16,476 2,428 31,710 32,743 4,825 Less: operating expenses: JD Retail (39,609 - (41,255 - (6,080 - (71,213 -…