JD.com Introduces New Share Repurchase Program
JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading provider of supply chain-based technology and services, has announced a newly approved share repurchase program. This initiative allows for repurchases totaling up to US$5.0 billion, starting in September 2024 and continuing for the next 36 months, with an expected conclusion in August 2027.
Details of the Share Repurchase Program
As outlined in the Company's announcement, the share repurchases may occur intermittently in the open market at current market prices. The program includes privately negotiated transactions, block trades, and other legally permissible methods, depending on market conditions and adherence to relevant regulations. The Board of Directors will regularly review the terms and scope of the repurchase program, making adjustments as needed.
Overview of JD.com's Business Model
As a frontrunner in supply chain-based technology, JD.com aims to transform the shopping experience for consumers. The Company’s cutting-edge retail infrastructure enables customers to purchase products flexibly, at any time and from any location. By sharing its technology and infrastructure with various partners, brands, and industries, JD.com has positioned itself as a significant player in the Retail as a Service model, fostering efficiency and innovation across multiple sectors.
Contact Information for Inquiries
For Investor Relations
For any inquiries related to investors, individuals can reach out to:
Investor Relations
Sean Zhang
+86 (10) 8912-6804
Email: IR@JD.com
For Media Relations
For media-related questions, please contact:
Media Relations
+86 (10) 8911-6155
Email: Press@JD.com
Frequently Asked Questions
What is the purpose of JD.com's new share repurchase program?
The share repurchase program is designed to enhance shareholder value by allowing the Company to buy back shares, demonstrating its strong confidence in future business prospects.
How much does JD.com plan to repurchase under this program?
JD.com plans to repurchase shares worth up to US$5.0 billion over a span of 36 months.
When does the share repurchase program commence?
The new share repurchase program is scheduled to start in September 2024.
What types of transactions will be used for the buyback?
The Company intends to carry out repurchases through open market transactions, privately negotiated deals, block trades, and other legal methods.
Who can be contacted for more information regarding JD.com's investor relations?
For investor inquiries, reach out to Sean Zhang at +86 (10) 8912-6804 or via email at IR@JD.com.