Benzinga | Dec 29, 2021 05:20AM EST

JD.com Raises Share Buyback Limit

* JD.com Inc (NASDAQ:JD) upsized its share buyback limit from $2 billion to $3 billion.

* JD.com also extended the time frame for the buyback to March 17, 2024.

* Related Content: Read How Analysts Responded To Tencent's Divestment Of Stake In JD.com

* JD.com generated $2.2 billion in operating cash flow and held $30.5 billion in cash and equivalents during the quarter ended September 30.

* JD.com is a supply chain-based technology and service provider.

* Price Action: JD shares traded lower by 0.23% at $65.72 in the premarket session on the last check Wednesday.