JD.com reports 3.6% Q4 revenue increase to $42.6bn, driven by broader product range and price cuts, launching a $3bn buyback program.
JD.com reports a 3.6% revenue rise to $42.6bn in Q4, driven by broader product range and price cuts targeting cost-conscious Chinese consumers. The online retailer launched a $3bn buyback program and plans to green-light a new three-year buyback scheme to assuage investor concerns over its growth potential. JD.com's stock price rose 11% in pre-market trading in New York following the earnings report.
March 05, 2024
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