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JD Logistics' Profit Rises in Q1; Share Buyback Proposed

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JD Logistics (HKG:2618) recorded a rise in attributable profit in the first quarter of 2026 to 880.1 million yuan from 451 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.

The logistics company's revenue for the three months increased 29% to 60.6 billion yuan from 47 billion yuan in the year-ago period, mainly due to a higher revenue from integrated supply chain and other customers.

The firm is also planning to buy back up to $1.2 billion of shares from the open market over a 48-month period, subject to approval, according to a separate stock exchange filing.

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