share_log

6-K: JD.com Announces Updates of Its Share Repurchase Program

SEC announcement ·  Apr 18 20:41
Summary by Futu AI
JD.com, Inc., a leading technology and service provider, announced on April 18, 2024, that it has repurchased 87.5 million Class A ordinary shares, equivalent to 43.8 million ADSs, for a total of US$1.2 billion in the first quarter of 2024. This buyback represents approximately 2.8% of its ordinary shares outstanding as of December 31, 2023. The repurchases were made under the company's share repurchase programs on both NASDAQ and the Hong Kong Stock Exchange. The previous repurchase program, which expired on March 17, 2024, saw the company buy back shares worth US$2.1 billion. Under the new program effective until March 18, 2027, JD.com has already repurchased shares amounting to US$0.5 billion, with US$2.5 billion remaining for future buybacks. JD.com's efforts reflect its ongoing commitment to enhancing shareholder value and confidence in its business growth strategies.
JD.com, Inc., a leading technology and service provider, announced on April 18, 2024, that it has repurchased 87.5 million Class A ordinary shares, equivalent to 43.8 million ADSs, for a total of US$1.2 billion in the first quarter of 2024. This buyback represents approximately 2.8% of its ordinary shares outstanding as of December 31, 2023. The repurchases were made under the company's share repurchase programs on both NASDAQ and the Hong Kong Stock Exchange. The previous repurchase program, which expired on March 17, 2024, saw the company buy back shares worth US$2.1 billion. Under the new program effective until March 18, 2027, JD.com has already repurchased shares amounting to US$0.5 billion, with US$2.5 billion remaining for future buybacks. JD.com's efforts reflect its ongoing commitment to enhancing shareholder value and confidence in its business growth strategies.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.