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HONG KONG -- Chinese online retailer JD.com said Wednesday it may repurchase up to $3 billion worth of shares through March 2027, helping lift the company's U.S.-listed stock more than 17% in early trading.
JD reported a better-than-expected fourth-quarter net revenue of 306.1 billion yuan ($42.5 billion) on Wednesday, up 3.6% on the year, as Chinese e-commerce groups wage a price war amid an economic downturn.
