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NetEase will buy over $1 billion of shares: it has now repurchased $376 million.

via:博客园     time:2018/5/17 12:02:28     readed:325

Beijing time May 17th morning news, NetEase (Nasdaq:NTES) today announced the first quarter of 2018 financial report, and also announced its share repurchase progress: by March 31, 2018, NetEase had bought back about 1 million 240 thousand shares of ADS, a total of about $376 million.

In November 15, 2017, the NetEase announced that its board of directors approved a new share repurchase plan. From November 16, 2017, the company will buy back ADS within a total of less than $1 billion in circulation within a period of no more than 12 months.

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