Why JD.com Stock Jumped Today
JD(JD) The Motley Fool·2023-12-28 16:14Shares of JD.com (JD 2.74%) jumped as much as 5.2% early Thursday then settled to trade up 2.8% as of 3:45 p.m. ET after the Chinese e-commerce giant revealed it's planning sweeping raises for its front-line staff next year.In a post to its official WeChat account this morning, JD.com said it will nearly double the fixed salaries for its procurement, sales, and other front-line staff beginning Jan. 1, 2024. JD.com also said its retail staff will receive 20%+ pay increases.A vote of confidence from JD.comThe ...