Financial services provider, Jianpu Technology Inc. (JT), Wednesday announced a program to repurchase its American depositary shares or ordinary shares worth up to $3 million, over the next 12 months.
The China-based company also said that its co-founders - CEO Daqing Ye and Director Jiayan Lu will use their personal resources to purchase up to $350,000 worth ADS or common shares through the program.
Following the announcement, Jianpu's shares are surging 11.47 percent, to $0.42 in the pre-market on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.