BEIJING, Dec. 26, 2018 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD), China’s 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 Company’s 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 applicable rules and regulations. The Company’s board of directors will review the share repurchase program
periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash
balance.
About JD.com
JD.com is a leading technology driven e-commerce company and retail infrastructure service provider in China. Its cutting-edge
retail infrastructure enables consumers to buy whatever they want, whenever and wherever they want it. The company has opened its
technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive
productivity and innovation across a range of industries. JD.com is the largest retailer in China, a member of the NASDAQ100 and a
Fortune Global 500 company.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JD.com may
also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the
“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s
beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A
number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including
but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial
condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its
expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce
market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese
governmental policies relating to JD.com’s industry and general economic conditions in China. Further information regarding these
and other risks is included in JD.com’s filings with the SEC. All information provided in this press release and in the attachments
is as of the date of this press release, and JD.com undertakes no obligation to update any forward-looking statement, except as
required under applicable law.
CONTACTS:
Investor Relations
Ruiyu Li
Senior Director of Investor Relations
+86 (10) 8912-6805
IR@JD.com
Media
+86 (10) 8911-6155
Press@JD.com
