Summary by Moomoo AI
JD.com, Inc., a leading technology and service provider, has announced a new share repurchase program authorized by its board of directors. The program, set to commence in September 2024, allows for the repurchase of up to US$5.0 billion worth of its shares, including American Depositary Shares (ADSs), over a 36-month period ending in August 2027. The repurchases will be conducted on the open market, in privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The Board will periodically review and may adjust the terms and size of the program. This announcement contains forward-looking statements and acknowledges inherent risks and uncertainties in such predictions.
