JD.com Unveils $5 Billion Buyback as China Concerns Grow
- Company’s American depositary shares rose in New York trading
- JD and its peers are grappling with Chinese consumer weakness
The JD.com Inc. headquarters building in Beijing.
Photographer: Na Bian/BloombergThis article is for subscribers only.
JD.com Inc. plans to buy back as much as $5 billion of its shares, moving to appease investors worried about a potentially worsening Chinese consumer downturn.
The company on Tuesday outlined plans to repurchase stock from September through to August 2027. Its American depositary shares, down 8.2% this year, climbed more than 4% after trading opened in New York.