JD Logistics plans to repurchase shares worth up to $1.2 billion within 48 months.

JD Logistics announcement, the company's board of directors has authorized and approved a plan to repurchase up to $1.2 billion worth of the company's shares in the open market over a 48-month period from the approval date. Under this plan, the company intends to execute repurchases over the 48-month period only in a manner that will not trigger a mandatory offer under Article 26 of the Rules on the Acquisition, Merger, and Repurchase of Shares.