Scrutica
JD.com, Inc.financials and operating footprint — geographic revenue split, segment mix, capex / FCF / buyback history, industry placement — sourced from licensed-database extracts and SEC EDGAR, joined to the supply-chain graph through the industry classification.
Where JD.com, Inc. sits in the compute supply chain: where its revenue comes from, what it spends capital on, and which counterparties move money in and out of the door.
No licensed-database enrichment loaded for this entity — geographic revenue, segments, capital allocation, and industry classification are absent. Coverage rules in the methodology.
Each hop carries its data source, source URL (where one exists), as-of date, and confidence label on the same line as the parent name. When two sources name different parents for the same hop, both sit on the page as alternates — the walker does not pick a winner.
Starting entity — the walker climbs from here, following documented parent / subsidiary edges in the ownership substrate.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): Max Smart Limited is the documented parent.
Per Scrutica research synthesis (public sources), as of 2025-12-31 (LOWtier 1): Fortune Rising Holdings Limited is the documented parent.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): The Max Smart Trust is the documented parent.
Chain-of-title terminates at The Max Smart Trust. No further parent is documented — for a public filer that means UBO is the dispersed float; for a state-linked entity it means the chain has reached the sovereign apex.
Annual $-flow and 3-month Pearson r per edge come from a licensed supply-chain database. Correlation is a coupling proxy — shared market sensitivity, not a causal channel. Sole-source edges are flagged inline.