.JD.com put together an Innovative Retail department that houses its own grocery store service 7Fresh. Bloomberg|Bloomberg|Getty ImagesHong Kong-listed shares of Chinese online retail store JD.com climbed up 1.2% on Wednesday, outshining the downtrend on the Hang Seng index after the agency announced a $5 billion buyback overdue Tuesday.U.S. noted reveals of the company rose 2.24% on Tuesday after the announcement. Each JD.com's Hong Kong and also USA portions have gone down regarding 20% year to date.In comparison, Hong Kong's benchmark Hang Seng index was down around 0.82% Wednesday, yet is actually up about 4% for the year therefore far.Stock Chart IconStock chart iconThe announcement is JD.com's second buyback this year, after declaring a $3 billion buyback in March.In response to the move, Chelsey Tam, senior equity expert at Morningstar, mentioned that the selection to declare the share buyback is "certainly not surprising." She described, "It is a popular theme in China when reveal prices and growth are actually low." Tam additionally led to Vipshop, another Chinese ecommerce gamer that has actually improved its own share buyback plan final week.China's ecommerce market has been shadowed by a slow domestic economy.Earlier this month, Alibaba's second-quarter end results skipped assumptions on both the best and also incomes. On Monday, Temu-owner Pinduoduo found its own worst ever treatment after its own second-quarter outcomes missed out on both revenue and also incomes per portion expectations.Back in February, Alibaba introduced a $25 billion reveal buyback after it overlooked revenue aim ats for the fourth quarter of 2023.