JD.com (JD) Authorizes $1B Share Buyback Over Next 12 Months

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JD Announces US$1.0 Billion Share Repurchase Program

December 26, 2018 5:00 AM EST

BEIJING, Dec. 26, 2018 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD), Chinas leading technology driven e-commerce company and retail infrastructure service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$1.0 billion of its shares over the next 12 months.

The Companys proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with... More