JD.com Announces $3 Billion Buyback as Q4 Revenue Surpasses Estimates

The e-commerce giant's strategic price cuts and expanded product lineup drive a notable increase in revenue and net income.

JD.com's fourth-quarter revenue reached 306.1 billion yuan, marking a 3.6% increase from the previous year, exceeding analyst expectations.
The company initiates a $3 billion share repurchase program, reflecting confidence in its growth trajectory.
Net income for the quarter rose over 13% to 3.4 billion yuan, attributed to the company's focus on competitive pricing and user experience.
JD.com's strategic shift to include more lower-priced products and welcome third-party merchants has attracted more price-sensitive consumers.
The company's shares saw a significant uptick in pre-market trading, with increases of up to 11% reported.