JD.com Shares Soar on $3 Billion Buyback and Strong Q4 Revenue Despite Chinese E-Commerce Price Wars
- JD.com shares surge 16% on $3bn buyback plan, Q4 revenue beat
- Chinese e-commerce group JD.com vows to boost price competitiveness but stay 'disciplined'
- JD.com has expanded discounts to lure price-conscious Chinese shoppers
- JD reported better-than-expected Q4 net revenue of 306.1 billion yuan, up 3.6%
- Chinese e-commerce groups wage a price war amid an economic downturn