"JD.com's $3 Billion Buyback and Revenue Beat Propel Stock Surge"

JD.com Inc. has approved a $3 billion stock buyback program after reporting a 3.6% increase in revenue, surpassing analyst expectations. The company's revenue growth was attributed to a wider product range and price reductions targeting cost-conscious Chinese consumers. The move aims to address concerns about the company's growth potential. JD.com's net income for the December quarter fell short of estimates, amid challenges in China's economic landscape. The e-commerce giant is also considering overseas expansion, including a potential acquisition of UK electronics retailer Currys Plc.