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SEC Filings
6-K
JD.COM, INC. filed this Form 6-K on 03/06/2018
Entire Document
 

 

JD.com, Inc.

Unaudited Condensed Consolidated Balance Sheets

(In thousands)

 

 

 

As of

 

 

 

December 31,
2016

 

December 31,
2017

 

December 31,
2017

 

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

 

 

 

Redeemable non-controlling interests held for sale

 

7,056,921

 

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

Total JD.com, Inc. shareholders’ equity (US$0.00002 par value, 100,000,000 shares authorized, 2,938,709 shares issued and 2,852,663 shares outstanding as of December 31, 2017)

 

33,892,900

 

52,040,814

 

7,998,527

 

Non-controlling interests

 

269,962

 

347,889

 

53,470

 

Total shareholders’ equity

 

34,162,862

 

52,388,703

 

8,051,997

 

Total liabilities, redeemable non-controlling interests and shareholders’ equity

 

160,373,518

 

184,054,966

 

28,288,732

 

 


(1) Due to certain pre-existing contractual arrangement, the company remains as the legal owner of the consumer credit (known as JD Baitiao) receivables until they are repaid or sold through the new asset-backed securitization (“ABS”) plan as described below. JD Finance continues to perform the credit risk assessment services for the JD Baitiao business and purchase the over-due receivables from the company at carrying value to absorb the risks and obtain the rewards from JD Baitiao business. The company also assisted JD Finance in various ABS to raise fund to support the JD Baitiao business. JD Finance acts as the servicer of the ABS and also subscribes to the subordinate tranche. Due to the company’s continuing involvement right in ABS under the historical arrangement prior to October 2017, the company was not able to derecognize the related Baitiao receivables through the legacy ABS under U.S. GAAP. Beginning October 2017, the company revised certain structural arrangements for the issuance of ABS to relinquish its continuing involvement right, and has been able to derecognize certain Baitiao receivables through the new ABS plan. As a result, the balances of Baitiao receivables are expected to decrease gradually in the future with the adoption of the new ABS plan, and nonrecourse securitization debt balance will gradually decrease upon the settlement of the legacy ABS plan.

 

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