Alibaba (BABA) And JD: Full Speed Ahead On Buybacks!

Xi Jinping vows to stimulate China’s economy. Lintao Zhang In China, buybacks are moving "full speed ahead." In its February earnings release, Alibaba (BABA) upped its authorized buybacks by $25 billion and committed to retiring 3% of shares per year, net of stock-based compensation ("SBC"). A month later, JD dot com came out with an earnings release of its own that included a $3 billion increase to its buyback program-about 8.9% of the company's market cap. As I wrote in a recent X post, JD's announced buyback is worth more, as a percentage of market cap, than Apple's (AAPL) massive…