Chinese e-commerce giant JD Health’s $11m stock buyback falls flat

Chinese e-commerce giant JD Health’s $11m stock buyback falls flat

JD Health lists on Hong Kong Stock Exchange in December 2020. Photo: VCG

Shares of China’s e-commerce giant JD.com Inc.’s health care arm struggled to recoup their losses on Thursday through a HK$87.4 million ($11.1 million) stock buyback, after plunging 13% the previous day.