Interpretation of JD's financial report: How to continue to grow in the face of stock competition

March 11, $JD.com(JD.US)$ Results for the fourth quarter and full year of 2020 were announced. Let's take a look at JD's financial results first~

2020Fourth quarter, JD GroupNet revenue was RMB 224.3 billion, a year-on-year increase of 31.4%.

2020Net revenue for the year was RMB 745.8 billion, of whichNet service revenue accounted for more than 14% for the first time. As of December 31, 2020, the number of active purchasing users of JD in the past 12 months reached 471.9 million, a net increase of nearly 110 million active users throughout the year.

In addition to high-quality growth in core indicators such as revenue and users, the financial report also revealed JD's inventory turnover days. (note(Inventory turnover speed is one of the core indicators of the retail industry)

JD's annual net revenue is over 700 billion dollars. What level is it in the current e-commerce echelon?
Exactly how many days does JD's inventory turn around? What else does it represent?

Tonight, meet Mr. Lee Sung-dong at 7 o'clock. Let's take a look $JD.com(JD.US)$ Let's interpret the financial report