JD.com, Inc. - JD STOCK NEWS

JD.com has announced it will release its unaudited third quarter 2024 financial results on Thursday, November 14, 2024, before the U.S. market opens. The company's management will host a conference call at 7:00 am Eastern Time (8:00 pm Beijing/Hong Kong Time) on the same day to discuss the results. A live and archived webcast will be available on JD.com's investor relations website, and a telephone replay will be accessible until November 21, 2024.

JD.com, a leading supply chain-based technology and service provider, has announced a new share repurchase program approved by its board of directors. The program, effective from September 2024, allows the company to repurchase up to US$5.0 billion worth of its shares (including ADSs) over the next 36 months through the end of August 2027.

The repurchases may be made on the open market, through privately negotiated transactions, block trades, or other legal means, subject to market conditions and applicable regulations. The board will review the program periodically and may adjust its terms and size. This move demonstrates JD.com's confidence in its long-term growth prospects and commitment to enhancing shareholder value.

JD.com (NASDAQ: JD) reported its Q2 2024 financial results.

Net revenues rose 1.2% year-over-year (YoY) to RMB291.4 billion (US$40.1 billion). Income from operations surged 27% YoY to RMB10.5 billion (US$1.4 billion), with a non-GAAP increase of 33.7% to RMB11.6 billion (US$1.6 billion). Net income attributable to shareholders more than doubled, reaching RMB12.6 billion (US$1.7 billion), with a non-GAAP figure of RMB14.5 billion (US$2.0 billion).

JD.com's operating cash flow for the last 12 months was RMB74.0 billion (US$10.2 billion), a 40.9% increase. Free cash flow rose 66.2% to RMB55.6 billion (US$7.7 billion).

The company continues its share repurchase program, buying back 224.3 million Class A shares (112.2 million ADSs) worth US$3.3 billion in 2024, mitigating potential dilution from US$2.0 billion convertible notes issued in May 2024.

Partnerships were established with brands like Xiaomi, Lenovo, and OPPO. JD Health launched new drugs, and JD Logistics improved profitability through optimization.

Overall, JD.com demonstrated significant financial growth and strategic expansion in Q2 2024.

JD.com (NASDAQ: JD, HKEX: 9618, 89618) has announced it will release its unaudited financial results for Q2 and H1 2024 on August 15, 2024, before the U.S. market opens. The company's management will host a conference call at 8:00 am ET (8:00 pm Beijing/Hong Kong Time) on the same day to discuss the results. Investors can pre-register for the call using the provided link. A telephone replay will be available until August 22, 2024. Additionally, a live and archived webcast of the conference call will be accessible on JD.com's investor relations website.

JD.com, a leading supply chain-based technology and service provider, will hold its annual general meeting (AGM) on June 21, 2024, at its headquarters in Beijing. The AGM will not include proposals for shareholder approval but will serve as an open forum for discussions between shareholders and management. Shareholders of record as of May 24, 2024, are entitled to attend. JD.com has also filed its annual report on Form 20-F, including audited financial statements for the fiscal year ended December 31, 2023, which can be accessed on the JD.com and SEC websites.

JD.com has completed a US$2.0 billion offering of convertible senior notes due 2029, which includes an additional US$250 million from initial purchasers. The notes are aimed at qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. The company plans to use the proceeds for repurchasing American Depositary Shares (ADSs), expanding its overseas business, improving its supply chain network, and meeting working capital needs. These notes bear an interest rate of 0.25% per year and mature on June 1, 2029. The initial conversion rate is 21.8830 ADSs per US$1,000 principal amount, equivalent to a conversion price of approximately US$45.70 per ADS.

JD.com has upsized and priced its convertible senior notes offering, raising an aggregate principal amount of $1.75 billion due 2029. The notes will bear an interest rate of 0.25% per year, payable semiannually, and may be converted into American Depositary Shares (ADS) or cash. The initial conversion rate is set at 21.8830 ADS per $1,000 principal amount, with a conversion premium of 35% above the ADS reference price of $33.85. Proceeds will be used for concurrent and future repurchases of ADS, overseas expansion, supply chain improvement, and working capital needs. The notes are expected to close around May 23, 2024.

JD.com has released its unaudited interim condensed consolidated financial statements for the quarters ending March 31, 2023, and 2024. These documents include a detailed 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (MD&A). The financial statements and MD&A provide insights into the company's financial performance and operational metrics over the specified periods. Stakeholders can access these documents for an in-depth understanding of JD's financial health and operational trends.

For more detailed information, visit the provided links to view the full financial statements and MD&A.

JD.com announced a proposed offering of US$1.5 billion convertible senior notes due 2029, with an option for purchasers to buy an additional US$225 million. The proceeds will be used for repurchasing shares, expanding overseas business, improving the supply chain, and working capital needs. The notes will be senior, unsecured obligations, convertible into cash, ADSs, or a combination. Purchasers can convert at any time before maturity. JD.com plans a concurrent repurchase of its Class A shares/ADSs alongside the pricing of the notes. Future repurchases are also planned.