said it expects to fund the buyback, which will take place over
the next 24 months, with existing cash.
Last week, SoftBank Group Corp <9984.T> said it was repurchasing
up to $4.8 billion of its shares after their recent slump.
Shares of JD were up more than 7% in premarket trading.
(Reporting by Akanksha Rana in Bengaluru; Editing by Shinjini
[© 2020 Thomson Reuters. All rights
Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.