Sina Technology News On the afternoon of May 21, Beijing time, Jingdong (Nasdaq: JDfreenodownloadslots;HKEX: 9618) today announced that it plans to sell convertible senior notes with a total principal amount of US$1.5 billion due in 2029.

At the same time, JD also plans to grant an option to the initial purchaser, which can be exercised within 30 days from the date of the bill's release, to purchase an additional total of 2.freenodownloadslots.2.5 billion dollars in bills.

Jingdong said it plans to use the net proceeds from the offering to 1) share repurchase;2) expand overseas business;3) further improve its supply chain network; and 4) working capital needs.

These notes will expire on June 1, 2029 unless redeemed or redeemed early before that date in accordance with their terms. Note holders may request JD to repurchase all or part of the notes in cash on June 1, 2027.

While the notes are being priced, JD plans to repurchase certain Class A common shares and/or American depositary shares from certain note buyers, and the repurchase will be determined at the time of pricing the notes.

In addition, JD may also repurchase additional Class A common shares and/or American depositary shares on the open market from time to time after the notes are priced.