JD.com Inc (JD) has released an update.
JD.com, Inc., a major player in technology and services based on supply chains, has actively repurchased shares, buying back 87.5 million Class A ordinary shares for $1.2 billion in Q1 2024. This accounts for roughly 2.8% of its outstanding ordinary shares as of the end of 2023. Following the completion of its previous repurchase program at $2.1 billion, JD.com’s new program has already seen $0.5 billion in repurchases, with $2.5 billion remaining for future buybacks.
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