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.
中國領先的電子商務公司、阿里巴巴的主要競爭對手京東（JD.com）(納斯達克股票代碼：JD)宣佈了一項大規模的股票回購計劃。該公司計劃在未來三年內回購高達500億美元的股票。
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.
何事發生：根據週二的新聞稿，京東的董事會已批准了一項新的股票回購計劃。該計劃將於9月開始，允許公司在36個月內回購高達500億美元的股票，包括ADS，該計劃將於2027年8月結束。
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.
京東表示，擬議中的回購可能會以市場上的實時價格隨機出現，在私下交易中，在大宗交易中，以及通過其他合法手段進行，但需視市場情況和適用法規進行。董事會將定期審查股票回購計劃，並可能批准其條款和規模的調整。
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.
爲何關注：京東的股票回購公告是在一系列影響公司股票表現的事件之後發出的。今年8月，京東最大股東沃爾瑪（紐交所股票代碼：WMT）宣佈有意出售其在公司的股份，導致京東的股價大幅下跌。該公司的股票還在2024年8月18日至8月24日期間的8家大市值股票的表現最差序列中。
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，上週一，京東的股票由於PDD Holdings發佈了令人失望的二季度銷售業績而下跌。
Price Action: On Tuesday, during pre-market trading, JD.com was trading 3.91% higher at $26.81, according to Benzinga Pro.
價格行情：據財經新聞媒體Benzinga Pro消息，週二盤前交易時，京東的股價上漲了3.91%，達到26.81美元。
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Photo via Wikimedia Commons
照片通過Wikimedia Commons
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯
