JD.com Announces Updates of Share Repurchase Program
JD.com, 4/18/24
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) today announced that, during the quarter ended March 31, 2024, the company repurchased a total of 87.5 mln Class A ordinary shares (equivalent of 43.8 mln ADSs) for a total of USD 1.2 bln. All of these shares were repurchased in the open markets from both NASDAQ and the Hong Kong Stock Exchange pursuant to the company's share repurchase programs publicly announced. The total number of shares repurchased by the company in the first quarter of 2024 amounted to approximately 2.8% of its ordinary shares outstanding as of December 31, 2023.
Pursuant to the company's previous share repurchase program, expired on March 17, 2024, the company has repurchased a total of approximately USD 2.1 bln as of March 17, 2024.
Pursuant to the company's new share repurchase program, which is effective through March 18, 2027, the company has repurchased a total of approximately USD 0.5 bln as of March 31, 2024. The remaining amount under the company's new share repurchase program was USD 2.5 bln as of March 31, 2024.
Keywords: e-commerce Internet B2C JD.com JD 9618.HK financing
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