JD.com stock rallied nearly 3% in premarket trading as the company increased repurchase authorization from $2B to $3B and had been extended until March 17, 2024.
JD.com, Inc. (Nasdaq: JD; HKEX: 9618), a leading supply chain-based technology and service provider, yesterday announced that the Company’s Board of Directors has approved modifications to its existing share repurchase program adopted in March 2020, pursuant to which the repurchase authorization has increased from US$2.0 billion to US$3.0 billion and has been extended until March 17, 2024.
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