In its latest regulatory filing with the U.S. Securities and Exchange Commission (SEC), U.S. retail giant Walmart disclosed after the U.S. stock market session on Tuesday that it had reduced its entire stake in Jingdong shares.

According to the earnings report, Jingdong's gross margin in the second quarter surged 137 basis points year-on-year to 15.8 percent, the highest level on record, recording year-on-year improvement for nine consecutive quarters.

Like other Internet giants, JD Health is also looking for a new profit model.

It is reported that JD has introduced new regulations internally, which will count the number of people working at workstations at 9am every day. At the same time, the new regulations will shorten the lunch break time to 1 hour, and the lights must not be turned off between 12am and 13am.

In the first quarter of 2024, JD's revenue was 260 billion yuan, an increase of 7.0% year-on-year. The net profit of Non GAAP in the first quarter was 8.9 billion yuan, a year-on-year increase of 17.2%, significantly exceeding market expectations.