globenewswire.com·2024-05-23 20:00Core Viewpoint - JD.com has successfully completed a convertible senior notes offering totaling US$2.0 billion, which will be used for share repurchases, business expansion, supply chain improvements, and working capital needs [1][2]. Group 1: Notes Offering Details - The offering consists of convertible senior notes with a principal amount of US$2.0 billion, including an additional US$250 million from the initial purchasers [1]. - The notes will mature on June 1, 2029, and bear an interest rate of 0.25% per year, payable semiannually starting December 1, 2024 [3]. - The initial conversion rate is set at 21.8830 ADSs per US$1,000 principal amount, equating to an initial conversion price of approximately US$45.70 per ADS [3]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be allocated for the repurchase of American depositary shares (ADSs) and Class A ordinary shares [2]. - Funds will also be directed towards expanding overseas business operations and enhancing the supply chain network [2]. - Additional capital will be reserved for general working capital needs [2]. Group 3: Company Overview - JD.com is recognized as a leading supply chain-based technology and service provider, focusing on enabling consumers to purchase products flexibly [5]. - The company has developed a Retail as a Service model, allowing partners and brands to leverage its technology and infrastructure [5].