JD News Explorer

Chancellor Rachel Reeves has said firms will have to absorb higher taxes through their profits.

The Singles' Day shopping festival saw consumers spend more than expected in what's otherwise been a tepid retail environment, consulting executives said.

Major US-listed Chinese stocks dropped following a decisive US election win for Republican nominee and former president Donald Trump.

Early indicators on China's biggest shopping event of the year reveal a pickup in select categories, and even predictions for modest sales growth overall.

Chinese e-commerce stocks jumped after the country's central bank announced a broad stimulus package. Alibaba, JD.com, and Pinduoduo led the surge.

The announcement is JD.com's second buyback this year, after announcing a $3 billion buyback in March.