JD.com shares surge 16% on $3bn buyback plan, Q4 revenue beat

Chinese e-commerce group vows to boost price competitiveness but stay 'disciplined'

20240306N JD.com

JD.com has expanded discounts to lure price-conscious Chinese shoppers. © Reuters

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Chinese online retailer JD.com said Wednesday it may repurchase up to $3 billion worth of shares through March 2027, sending the company's U.S.-listed stock soaring.

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