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It's been a rocky few years for the Chinese economy. The country has faced extended lockdowns and restrictions due to the pandemic.
Xiaolin Chen of KraneShares discusses JD.com's fourth-quarter revenue, which beat estimates.
China-based e-commerce stock JD.com Inc (NASDAQ:JD) is soaring today, up 17.4% at $25.16 at last glance.
JD.com Inc (NASDAQ:JD) shares surged 12% after the China-based online retailer reported fourth-quarter earnings that were better than expected. The company also unveiled plans for a $3 billion buyback.
JD.com beat estimates on the top and bottom lines. Growth is still sluggish, but the company is making changes to reignite growth.
American depositary receipts (ADRs) of Chinese e-commerce retailer JD.com (JD) jumped over 16% in early trading Wednesday after the company reported fourth quarter sales that beat estimates.
JD.com (NASDAQ: JD ) is trending on social media and financial news websites, while JD stock is rallying over 15% today. The shares are jumping after the Chinese e-commerce firm delivered better-than-expected fourth-quarter results and announced a $3 billion stock buyback program.
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Chinese online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday, as aggressive price cuts helped revive demand from consumers grappling with an uncertain economy.
JD.com's (JD) fourth-quarter results are likely to reflect strength across JD Retail and JD Logistics amid softness in new businesses.