JD.com
Q2 2022 Earnings Call
Aug 23, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Hello, and thank you for standing by for JD.com's second quarter and interim 2022 earnings conference call. [Operator instructions] Today's conference is being recorded. [Operator instructions] I would now like to turn the meeting over to your host for today's conference, Mr. Sean Zhang, director of investor relations.
Please go ahead.
Sean Zhang -- Director of Investor Relations
Thank you. Good evening and good day, everyone. Welcome to JD.com's second quarter and interim 2022 earnings conference call. Let me introduce the management team on the call today.
CEO of JD.com, Mr. Lei Xu, will kick off with opening remarks. Our CFO, Ms. Sandy Xu, will discuss the financial highlights.
After that, we'll open the call to questions from analysts. I would like to remind you that during this call, our comments and responses to your question reflect management's view as of today only and will include forward-looking statements. And please refer to our latest safe harbor statement in the earnings press release on our IR website, which applies to this call. We'll discuss certain non-GAAP financial measures.
Please also refer to the reconciliation of non-GAAP measure to the comparable GAAP measures in our press release. Also, please note, unless otherwise stated, all figures mentioned in this call are in RMB. And now I'd like to turn the call over to Mr. Xu, our CEO.
Mr. Xu?
Lei Xu -- Chief Executive Officer of JD Retail
[Foreign language] Hello, everyone. This is Xu Lei. Thank you for joining JD.com's 2022 second quarter earnings call. In the second quarter, a combination of factors has brought unprecedented challenges to the radio and consumer industry in China, such as the COVID resurgence across many regions and the complex macroeconomic and external environment.
China's GDP grow 0.4% year on year, while total radio sales fell 4.6%, both hitting their lowest levels on the past two years. Despite all that, JD managed to help its users and partners to through difficulties and continue to outpace China's overall retail industry while delivering steady improvement in operating efficiency and margin. This once again demonstrates JD's resilience and healthy momentum through difficult cycles. China's economy has experienced a rapid development for a long time, but economic development is thought to be cyclical, creating theoretical challenges for businesses.