investors.comยท2024-05-21 15:23Group 1 - JD.com plans to raise $1.75 billion through a convertible notes offering, increased from an initial target of $1.5 billion, with the stock falling over 3% following the announcement [1] - The proceeds from the offering will be used for share buybacks, expanding overseas business, and improving the supply chain network, with bonds due in 2029 and convertible into equity [1] - This convertible bond offering is noted as the largest of its kind in Asia for the year [1] Group 2 - JD.com reported a strong first-quarter earnings report, with sales increasing by 7% in local currency, totaling $36 billion, and earnings of 78 cents per U.S. share, up 19% in local currency [2] - Following the earnings report, JD stock gained 2% and an additional 3% the next day, despite the recent dip [2] - Year-to-date, JD shares have increased by 19.5%, although they are down approximately 1.5% compared to the same period last year, with a nearly 50% decline in the previous year due to concerns about the Chinese economy and slowing sales growth [2]