Posted 3/6/2024, 10:57:09 AM
JD.com Beats Q4 Estimates with $42.6B Revenue, Announces $3B Buyback as it Seeks to Reignite Growth
- JD.com reported $42.6 billion in revenue for Q4 2022, beating estimates
- The company initiated a new $3 billion share buyback program over 3 years
- JD.com has expanded product selection and discounts to attract more bargain-hunting consumers
- The company is aiming to revive growth which has stagnated around single-digits recently
- JD.com is exploring acquiring UK electronics retailer Currys to gain a foothold in Europe