Alibaba Rival JD.Com Announces $5B Share Buyback Amid Recent Stock Downturn
Alibaba Rival JD.Com Announces $5B Share Buyback Amid Recent Stock Downturn
China's leading e-commerce company and a major competitor of Alibaba, JD.com, Inc. (NASDAQ:JD), has unveiled plans for a substantial share repurchase program. The firm intends to buy back up to $5 billion of its shares over the next three years.
中国领先的电子商务公司、阿里巴巴的主要竞争对手京东（JD.com）(纳斯达克股票代码：JD)宣布了一项大规模的股票回购计划。该公司计划在未来三年内回购高达500亿美元的股票。
What Happened: According to a press release on Tuesday, JD.com's board of directors has approved a new share repurchase program. The program, set to commence in September, permits the company to repurchase up to $5 billion of its shares, including ADSs, over a 36-month period, concluding in August 2027.
何事发生：根据周二的新闻稿，京东的董事会已批准了一项新的股票回购计划。该计划将于9月开始，允许公司在36个月内回购高达500亿美元的股票，包括ADS，该计划将于2027年8月结束。
JD.com indicated that the proposed repurchases may occur intermittently on the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, subject to market conditions and in compliance with applicable rules and regulations. The board will periodically review the share repurchase program and may authorize adjustment of its terms and size.
京东表示，拟议中的回购可能会以市场上的实时价格随机出现，在私下交易中，在大宗交易中，以及通过其他合法手段进行，但需视市场情况和适用法规进行。董事会将定期审查股票回购计划，并可能批准其条款和规模的调整。
Why It Matters: JD.com's share buyback announcement comes in the wake of a series of events that have affected the company's stock performance. In August, Walmart Inc. (NYSE:WMT), the largest shareholder in JD.com, announced its intention to sell its stake in the company, causing JD.com's shares to drop significantly. The company's stock was also among the top 8 large-cap losers for the week of Aug. 18 to Aug. 24, 2024.
为何关注：京东的股票回购公告是在一系列影响公司股票表现的事件之后发出的。今年8月，京东最大股东沃尔玛（纽交所股票代码：WMT）宣布有意出售其在公司的股份，导致京东的股价大幅下跌。该公司的股票还在2024年8月18日至8月24日期间的8家大市值股票的表现最差序列中。
Furthermore, JD.com's shares traded lower in sympathy with PDD Holdings on Monday after the latter reported disappointing second-quarter sales results.
此外，上周一，京东的股票由于PDD Holdings发布了令人失望的二季度销售业绩而下跌。
Price Action: On Tuesday, during pre-market trading, JD.com was trading 3.91% higher at $26.81, according to Benzinga Pro.
价格行情：据财经新闻媒体Benzinga Pro消息，周二盘前交易时，京东的股价上涨了3.91%，达到26.81美元。
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Photo via Wikimedia Commons
照片通过Wikimedia Commons
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本报道使用Benzinga Neuro生成，并由Pooja Rajkumari编辑