NasdaqGS:JDMultiline Retail
Can JD.com’s (JD) Buyback Offset Investor Concerns About Earnings Quality and Cash Flow?
JD.com recently released its second-quarter 2025 results, reporting revenue of CN¥356.66 billion and net income of CN¥6.18 billion, alongside the completion of a buyback program totaling 80.7 million shares for US$1.5 billion.
Despite strong revenue growth and a sizable share repurchase, the company's declining net income and lower free cash flow compared to statutory profit have prompted investor scrutiny of its underlying earnings quality.
We'll explore how concerns around JD.com's cash...