JD.com Announces $5bn Share Buyback Amid China Retail Concerns

The move is JD.com's second share buyback in 2024, following a $3bn programme announced in March.

The company’s American depositary shares climbed more than 4% after trading opened in New York. Credit: Rokas Tenys via Shutterstock.

Chinese e-commerce giant JD.com announced a $5bn share repurchase programme on Tuesday 27 August 2024, aiming to boost investor confidence in the face of a sluggish Chinese retail market.

The move marks JD.com’s second share buyback during the year, following a $3bn programme announced in March.

The news comes amidst a challenging environment for Chinese retailers.

Editor's note: this article is a guest post from: https://www.retail-insight-network.com/news/jd-com-share-buyback-china/