China's JD.com approves $5b share buyback plan

China's JD.com approves $5b share buyback plan

FILE PHOTO: The logo of e-commerce app JD.com is displayed among mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/Illustration/File Photo

JD.com said on Tuesday its board has approved a new $5 billion share repurchase program, effective September, allowing the Chinese e-commerce giant to buy back its stock over the next 36 months.