JD.com, Inc. Class A (HK:9618) has released an update.
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JD.com, Inc. has announced the completion of its share repurchase program, having bought back shares worth approximately $390 million on August 21, 2024, utilizing the full amount authorized in the $3 billion program established in March 2024. Investors are reminded of the potential risks associated with the company’s weighted voting rights structure, where Class A shares have one vote each, and Class B shares have 20 votes each. The company’s shares are traded on the Nasdaq Global Select Market under the symbol JD.
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