Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»JD.com shares inch up after announcing $5 billion share buyback
Finance

JD.com shares inch up after announcing $5 billion share buyback

August 28, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
JD.com shares inch up after announcing $5 billion share buyback
Share
Facebook Twitter LinkedIn Pinterest Email

JD.com arrange an Modern Retail division that homes its grocery enterprise 7Fresh.

Bloomberg | Bloomberg | Getty Photographs

Hong Kong-listed shares of Chinese language on-line retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Cling Seng index after the agency introduced a $5 billion buyback late Tuesday.

U.S. listed shares of the agency rose 2.24% on Tuesday after the announcement. Each JD.com’s Hong Kong and U.S. shares have dropped about 20% yr to this point.

As compared, Hong Kong’s benchmark Cling Seng index was down about 0.82% Wednesday, however is up about 4% for the yr up to now.

Inventory Chart IconInventory chart icon

hide content

The announcement is JD.com’s second buyback this yr, after saying a $3 billion buyback in March.

In response to the transfer, Chelsey Tam, senior fairness analyst at Morningstar, stated that the choice to announce the share buyback is “not shocking.” She defined, “It’s a widespread theme in China when share costs and progress are low.”

Tam additionally pointed to Vipshop, one other Chinese language e-commerce participant that has elevated its personal share buyback program final week.

China’s e-commerce sector has been dogged by a gradual home economic system.

Earlier this month, Alibaba’s second-quarter outcomes missed expectations on each the highest and backside traces. On Monday, Temu-owner Pinduoduo noticed its worst ever session after its second-quarter outcomes missed each income and earnings per share expectations.

Again in February, Alibaba introduced a $25 billion share buyback after it missed income targets for the fourth quarter of 2023.

Source link

announcing billion Buyback inch JD.com share shares
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Jim Cramer on Microsoft Corporation’s (MSFT) Earnings Report: ‘Happy Call’

May 9, 2025

French startup Mistral launches chatbot for companies, triples revenue in 100 days

May 9, 2025

3 Magnificent Dividend Stocks Down 19% to 48% I’m Buying Right Now for My Daughter’s Portfolio

May 9, 2025

Sanofi exec tells biotechs not to scrimp on clinical trial design

May 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Jim Cramer on Microsoft Corporation’s (MSFT) Earnings Report: ‘Happy Call’

May 9, 2025

Border patrols to evacuation plans: Frontier states step up preparation as India-Pakistan tension escalate | India News

May 9, 2025

Is this the most bizarre defense mechanism in the animal kingdom?

May 9, 2025

IPL: BCCI waits for government advice, ready with Plan B | Ipl News

May 9, 2025
Popular Post

6 months of tenure left, Govt recalls Subramanian from IMF board

Michelle Obama Explains The Real Meaning Of Her Iconic Saying

YSRCP plans campaign to counter farmers’ march against three-capital plan

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.