JD Announces US$2.0 Billion Share Repurchase Program
March 17 2020 - 7:00AM
JD.com, Inc. (NASDAQ: JD), China’s leading technology driven
e-commerce company and retail infrastructure service provider,
today announced that its board of directors has authorized a share
repurchase program under which the Company may repurchase up to
US$2.0 billion of its shares over the next 24 months.
The Company’s proposed repurchases may be made from time to time
on the open market at prevailing market prices, in privately
negotiated transactions, in block trades and/or through other
legally permissible means, depending on market conditions and in
accordance with applicable rules and regulations. The Company’s
board of directors will review the share repurchase program
periodically, and may authorize adjustment of its terms and size.
The Company plans to fund repurchases from its existing cash
balance.
About JD.com
JD.com is a leading technology driven e-commerce company
transforming to become the leading supply chain based technology
and service provider. The company’s cutting-edge retail
infrastructure seeks to enable consumers to buy whatever they want,
whenever and wherever they want it. The company has opened its
technology and infrastructure to partners, brands and other
sectors, as part of its Retail as a Service offering to help drive
productivity and innovation across a range of
industries. JD.com is the largest retailer in China,
a member of the NASDAQ100 and a Fortune Global 500 company.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates,” “confident” and similar statements.
JD.com may also make written or oral forward-looking
statements in its periodic reports to the SEC, in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about JD.com’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: JD.com’s growth strategies; its future
business development, results of operations and financial
condition; its ability to attract and retain new customers and to
increase revenues generated from repeat customers; its expectations
regarding demand for and market acceptance of its products and
services; trends and competition in China’s e-commerce market;
changes in its revenues and certain cost or expense items; the
expected growth of the Chinese e-commerce market; Chinese
governmental policies relating to JD.com’s industry and general
economic conditions in China. Further information regarding
these and other risks is included in JD.com’s filings with
the SEC. All information provided in this press release and in
the attachments is as of the date of this press release,
and JD.com undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
CONTACTS:
Investor Relations Ruiyu Li +86 (10) 8912-6804 IR@JD.com
Media Relations +86 (10) 8911-6155 Press@JD.com
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