Chinese e-commerce giant JD.com announced a $5 billion share buyback program on Tuesday, August 27, 2024, to boost investor confidence amid the sluggish Chinese retail market. The move is JD.com’s…
(Bloomberg) — JD.com Inc. plans to buy back up to $5 billion worth of its own shares in a bid to reassure investors worried about a possible worsening consumer slowdown…
By Kane Wu and Summer Zhen HONG KONG (Reuters) – Walmart, the largest shareholder in Chinese e-commerce company JD.com, has sold its entire stake, a person familiar with the matter…
(Reuters) – U.S. retailer Walmart plans to raise up to $3.74 billion by selling its stake in Chinese e-commerce company JD.com, according to a letter of intent seen by Reuters…
