China’s JD.com board approves share buyback program of up to $1 billion
China e-commerce giant JD.com Inc. JD, -6.31% said Wednesday its board has approved a share buyback program of up to $1 billion. The company said it plans to fund the program using its existing cash balance. Shares were indicating higher premarket, but are down 52.3% in 2018, while the S&P 500 SPX, -2.71% has fallen 12.1%.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Source: Read Full Article