JD.com, Inc. - JD STOCK NEWS

JD.com announced an increase in its share repurchase program from US$2.0 billion to US$3.0 billion, extending the authorization until March 17, 2024. This decision signals the company’s commitment to enhancing shareholder value and reflects management's confidence in the business's long-term growth potential. The program aims to return capital to shareholders and potentially bolster the stock price as the company continues to innovate in its supply chain-based technology and services.

JD.com announced the retirement of Martin Chiping Lau from its Board of Directors after nearly eight years of service. Following this, Tencent Holdings Limited will distribute around 460 million Class A ordinary shares of JD.com, reducing its stake from 17% to approximately 2.3%. Shareholders receiving these shares will become JD.com shareholders. CEO Richard Liu expressed gratitude for Lau's contributions and welcomed Tencent shareholders as new investors. JD.com remains committed to its strategic partnership with Tencent and aims to drive long-term value for its expanded shareholder base.

JD Fresh, a division of JD.com, plans to double imports of Sunkist's citrus fruits over the next three years, following the arrival of the first shipment of navel oranges from California to Shanghai. Since entering the market in 2018, JD Fresh has achieved a 60% compound annual growth rate in Sunkist citrus sales. The initiative aims to import at least 10,000 tons of Sunkist citrus, capitalizing on China's growing demand for high-quality produce. JD's cold-chain logistics enable efficient delivery, further supporting Sunkist's growth in China, which represents 30% of its global exports.

JD.com reported third-quarter 2021 net revenues of RMB218.7 billion (US$33.9 billion), up 25.5% YoY, with net service revenues soaring 43.3% to RMB32.7 billion (US$5.1 billion). However, it faced a net loss attributable to ordinary shareholders of RMB2.8 billion (US$0.4 billion), contrasting sharply with a net income of RMB7.6 billion in Q3 2020. Non-GAAP net income was RMB5.0 billion (US$0.8 billion), down from RMB5.6 billion YoY. The company's annual active customer accounts increased by 25% to 552.2 million, demonstrating strong user engagement despite financial setbacks.

JD.com, Inc. (NASDAQ: JD) will release its unaudited third quarter 2021 financial results on November 18, 2021, prior to U.S. market opening. Management will host a conference call at 7:00 AM ET on the same day to discuss these results. Investors can pre-register for the call via a provided link and are advised to dial in 10 minutes early. A telephone replay will be available from 10:00 AM ET on November 18 through November 26, 2021. For more details, including the recording, visit the company's investor relations website.

JD.com, Inc. announces the immediate appointment of Lei Xu as President, Lijun Xin as CEO of JD Retail, and Enlin Jin as CEO of JD Health International Inc. Richard Liu will focus on long-term strategies and mentorship. Lei Xu, a JD veteran since 2009, aims to enhance operations and business units, having previously led JD Retail with a customer-centric approach. Lijun Xin, instrumental in establishing JD Health, has driven its rapid growth. The leadership structure is designed to support strategic goals and foster talent development.

JD.com (NASDAQ: JD), a leading supply chain-based technology provider, reported its Q2 2021 financial results, highlighting a 26.2% increase in net revenues to RMB253.8 billion (US$39.3 billion) compared to Q2 2020. Net service revenues surged 49.2% year-over-year. However, net income attributable to shareholders dropped to RMB794.3 million (US$123.0 million), down from RMB16.4 billion last year. The company added 32 million new users during its successful 618 Grand Promotion. Operating cash flow increased to RMB38.9 billion, reflecting a strong cash position with total cash and equivalents of RMB178.1 billion.

JD.com, a top technology-driven e-commerce company in China, will release its unaudited financial results for the two quarters ending June 30, 2021, on August 23, 2021, before U.S. market opens. A conference call is scheduled at 8:00 am ET on the same day for results discussion. Investors must register in advance to participate. JD.com is aiming to enhance its supply chain technology services, reinforcing its position as China's largest retailer and a key player in the NASDAQ100 and Fortune Global 500.

JD.com, a leading e-commerce company in China, announced at its annual general meeting on June 23, 2021, that shareholders approved two significant resolutions. The first resolution involves adopting a dual foreign name in Chinese: “京东集团股份有限公司.” The second resolution is related to amending the company's Memorandum and Articles of Association. JD.com is focusing on evolving into a supply chain-based technology provider, enhancing retail infrastructure to improve consumer access and driving productivity across various industries.