JD.com: Buying back shares to protect the interests of investors

JD.com: Buying back shares to protect the interests of investors
On the evening of March 17, JD.com announced that the board of directors has approved a stock repurchase plan, under which the company may repurchase shares not exceeding $ 2 billion in the next 24 months.To this end, JD.com responded that since the outbreak of the New Coronary Pneumonia epidemic, the Group has given full play to its leading advantages in supply chain, logistics and technology to ensure the stable operation of the business.confidence.In order to more effectively protect the interests of investors, Jingdong Group made a commitment to buy back up to US $ 2 billion of shares in the next 24 months. The average capital required by the company’s own funds will not affect the company’s operations.According to the fourth quarter financial report released by JD.com earlier, as of December 31, 2019, JD.com had 369 books.700 million cash and cash equivalents, plus restricted cash and short-term investments totaled 64.5 billion US dollars, an increase of more than 64% over the end of the previous year.Sauna, Night Net Editor Lu Caifu, proofread by Yue Caizhou, Liu Baoqing