JD.com Unveils $5 Billion Share Repurchase Initiative
JD.com Launches New Share Repurchase Program
JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a prominent supply chain-based technology and service provider, has announced a newly approved share repurchase program. The program allows for repurchases totaling up to US$5.0 billion, set to take effect from September 2024 and will remain active over the next 36 months, concluding in August 2027.
Details of the Share Repurchase Program
According to the Company's announcement, the share repurchases may be conducted intermittently in the open market at prevailing market prices. The program encompasses privately negotiated transactions, block trades, and other legally permissible methods, contingent on market conditions and compliance with applicable regulations. The Board of Directors will periodically review the terms and size of the repurchase program, allowing for adjustments as necessary.
Overview of JD.com's Business Model
As a leader in supply chain-based technology, JD.com strives to revolutionize how consumers shop. The Company’s innovative retail infrastructure empowers customers to purchase products flexibly, at any time and location. By opening its technology and infrastructure to various partners, brands, and industries, JD.com has established itself as a key player in the Retail as a Service model, promoting efficiency and innovation across different sectors.
Contact Information for Inquiries
For Investor Relations
For any investor-related inquiries, individuals can contact:
Investor Relations
Sean Zhang
+86 (10) 8912-6804
Email: IR@JD.com
For Media Relations
For media-related inquiries, the following contact is available:
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 aims to enhance shareholder value by allowing the Company to buy back shares, reflecting its strong confidence in future business prospects.
How much does JD.com plan to repurchase under this program?
JD.com intends to repurchase up to US$5.0 billion worth of its shares over a period of 36 months.
When does the share repurchase program commence?
The new share repurchase program is set to begin in September 2024.
What types of transactions will be used for the buyback?
The Company plans to execute repurchases through open market transactions, privately negotiated deals, block trades, and other legal means.
Who can be contacted for more information regarding JD.com's investor relations?
Investor inquiries can be directed to Sean Zhang at +86 (10) 8912-6804 or via email at IR@JD.com.
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