JD.com Jumps on Chinese E-Commerce Giant's Revenue Beat and $3B Buyback Plan

Key TakeawaysChinese e-commerce giant JD.com reported stronger-than-expected revenue for the fourth quarter of 2023, sending its ADRs higher in early trading.JD.com reported revenue of 306.1 billion Chinese yuan ($43.1 billion), up 3.6% from the fourth quarter of 2022, and above analyst projections.The company noted it rolled out a series of low-price initiatives to boost sales, though it incurred a number of impairment charges, holding back profits.JD.com's net income for the fourth quarter was 3.4 billion ...