VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

JD.com, Inc. vs REA Group Ltd

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

JD.com, Inc.

9618.HK · Hong Kong Stock Exchange

Market cap (USD)$332.7B

Gross margin (TTM)9.5%

Operating margin (TTM)1.3%

Net margin (TTM)2.5%

SectorConsumer

IndustrySpecialty Retail

CountryKY

Data as of2025-12-28

Moat score

64/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into JD.com, Inc.'s moat claims, evidence, and risks.

View 9618.HK analysis

REA Group Ltd

REA · ASX

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorCommunication Services

Industry—

CountryAU

Data as of2026-01-09

Moat score

91/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into REA Group Ltd's moat claims, evidence, and risks.

View REA analysis

Comparison highlights

Moat score gap: REA Group Ltd leads (91 / 100 vs 64 / 100 for JD.com, Inc.).
Segment focus: JD.com, Inc. has 3 segments (87.7% in JD Retail); REA Group Ltd has 3 segments (87.5% in Australia - Property & Online Advertising).
Primary market structure: Oligopoly vs Duopoly. Pricing power: Weak vs Strong.
Moat breadth: JD.com, Inc. has 7 moat types across 3 domains; REA Group Ltd has 6 across 3.

Primary market context

JD.com, Inc.

JD Retail

Market

China e-commerce retail and marketplace (B2C) plus merchant marketing services

Geography

China

Customer

Consumers (end-users) and merchants/brands (sellers/advertisers)

Role

Retailer + marketplace operator

Revenue share

87.7%

REA Group Ltd

Australia - Property & Online Advertising

Market

Australian online property classifieds & digital real estate advertising (residential + commercial listings)

Geography

Australia

Customer

Real estate agents/agencies and developers (advertisers) + property seekers (consumers)

Role

Marketplace operator / media & advertising platform

Revenue share

87.5%

Side-by-side metrics

JD.com, Inc.

REA Group Ltd

Ticker / Exchange

9618.HK - Hong Kong Stock Exchange

REA - ASX

Market cap (USD)

$332.7B

n/a

Gross margin (TTM)

9.5%

n/a

Operating margin (TTM)

1.3%

n/a

Net margin (TTM)

2.5%

n/a

Sector

Consumer

Communication Services

Industry

Specialty Retail

n/a

HQ country

Primary segment

JD Retail

Australia - Property & Online Advertising

Market structure

Oligopoly

Duopoly

Market share

n/a

78%-82% (implied)

HHI estimate

n/a

6,800

Pricing power

Weak

Strong

Moat score

64 / 100

91 / 100

Moat domains

Supply, Demand, Network

Network, Demand, Supply

Last update

2025-12-28

2026-01-09

Moat coverage

Shared moat types

Brand TrustTwo Sided Network

JD.com, Inc. strengths

Operational ExcellencePhysical Network DensityService Field NetworkScale Economies Unit CostEcosystem Complements

REA Group Ltd strengths

Data Network EffectsData Workflow LockinDistribution ControlHabit Default

Segment mix

JD.com, Inc. segments

Full profile >

JD Retail

Oligopoly

87.7%

JD Logistics

Competitive

11%

New Businesses

Competitive

1.3%

REA Group Ltd segments

Full profile >

Australia - Property & Online Advertising

Duopoly

87.5%

Australia - Financial Services

Competitive

4.8%

India - Online Property Classifieds

Oligopoly

7.7%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.