JD.com Announces Updates of Share Repurchase and Cancellation
Rhea-AI Summary
JD.com (NASDAQ: JD) announced updates to its share repurchase and cancellation program on January 8, 2026. In 2025 the company repurchased approximately 183.2 million Class A ordinary shares (equivalent to 91.6 million ADSs) for a total of approximately US$3.0 billion. Those repurchased shares represent approximately 6.3% of total ordinary shares outstanding as of December 31, 2024 and have been cancelled as of the announcement date. The repurchases were executed on both Nasdaq and the Hong Kong Stock Exchange under the company’s previously adopted US$5.0 billion repurchase program (adopted August 2024, effective through August 2027). The remaining amount under the program was approximately US$2.0 billion as of December 31, 2025.
Positive
- Repurchased approximately 183.2M Class A shares in 2025
- Repurchases totalled approximately US$3.0B in 2025
- Cancelled the repurchased shares, reducing outstanding share count by ~6.3%
- Repurchases executed on Nasdaq and Hong Kong Stock Exchange
- Remaining repurchase capacity of approximately US$2.0B as of Dec 31, 2025
Negative
- None.
News Market Reaction
On the day this news was published, JD gained 2.20%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Before this buyback update, JD traded down 1.93% while key Internet Retail peers like EBAY (-1.17%), CPNG (-1.21%), MELI (-1.12%) and SE (-2.77%) were also weaker; DASH rose 1.1%, indicating mixed but generally soft sector tone.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Q3 2025 earnings | Positive | -1.7% | Strong Q3 revenue and retail margin but lower net income on investments. |
| Oct 30 | Earnings preview | Neutral | -2.9% | Announcement of Q3 2025 results date and conference call details. |
| Sep 02 | AI initiative news | Positive | -1.2% | Launch of Cybernova Accelerator to link AI research with market use. |
| Aug 14 | Q2 2025 earnings | Positive | -2.9% | Strong Q2 revenue and retail growth with higher investments hitting profit. |
| Jul 31 | Earnings preview | Neutral | -0.8% | Scheduling of Q2 and H1 2025 financial results and conference call. |
Across the last five news events, JD’s shares moved negatively after each announcement, including on earnings beats and neutral conference notices, suggesting a pattern of downside or profit-taking into news.
Over the last six months, JD.com reported strong revenue growth in Q2 2025 and Q3 2025, with net revenues reaching RMB356.7 billion in Q2 and RMB299.1 billion in Q3, but with declining net income due to investment in new initiatives. The company has been actively repurchasing shares under a US$5.0 billion program, already buying back over 80 million shares in early 2025. Conference-call scheduling and an AI-related collaboration headline also preceded mild share declines. Today’s expanded buyback and cancellation update follows this backdrop of growth, investment spending, and consistent news-day weakness.
Market Pulse Summary
This announcement highlights JD.com’s execution on capital returns, with 183.2 million Class A shares, or 6.3% of ordinary shares, repurchased and cancelled in 2025 for US$3.0 billion. The activity draws on a US$5.0 billion program adopted in August 2024, leaving US$2.0 billion authorized. Investors may track the pace of future repurchases relative to JD’s price near its 52‑week low and consider this alongside recent earnings trends and ongoing investment in new businesses.
Key Terms
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AI-generated analysis. Not financial advice.
BEIJING, Jan. 08, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced updates of its share repurchase and cancellation.
The Company repurchased a total of approximately 183.2 million Class A ordinary shares (equivalent to 91.6 million American depositary shares, “ADSs”) for a total of approximately US
All of the 183.2 million Class A ordinary shares (equivalent to 91.6 million ADSs) repurchased in 2025 have been cancelled as of the date of this announcement.
These repurchases were made from both Nasdaq and the Hong Kong Stock Exchange pursuant to the Company’s share repurchase program of up to US
About JD.com
JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.
CONTACTS:
Investor Relations
Sean Zhang
+86 (10) 8912-6804
IR@JD.com
Media Relations
+86 (10) 8911-6155
Press@JD.com
FAQ
How many shares did JD (NASDAQ: JD) repurchase in 2025?
How much did JD spend on share repurchases in 2025?
What percentage of JD's outstanding shares were repurchased and cancelled?
How much remaining capacity is left under JD's US$5.0 billion repurchase program?
Under what program and exchanges were JD's 2025 repurchases made?
