JD is trading 4% up at $27.55 as investors remain focused on the company's capital-return story, including its annual cash dividend and sizable share repurchases.

  • Recent gains are linked to an ongoing re-rating of the stock following JD’s FY2025 update and the announcement of its annual cash dividend.
  • Shares are also benefiting from broader positive sentiment toward U.S.-listed Chinese internet companies, despite a lack of fresh company-specific headlines today.