Reported about 2 months ago
JD.com has announced a $5 billion share repurchase program, effective from September, which will allow the e-commerce giant to buy back its stock over the next three years. This decision follows the company's recent positive profit forecast and is part of a strategy to alleviate investor concerns amid a sluggish retail market in China. This is JD.com's second buyback announcement this year, following a $3 billion repurchase in March.
Source: YAHOO