US stock market · May 27, 2024 0

JD Raises Annual Fixed Remuneration of JD Merchandising to 20 Mths, Cancels Cap on Performance Bonuses

JD-SW (09618.HK)  -0.800 (-0.669%)    Short selling $190.46M; Ratio 14.580%   (JD.US)      announced that it will raise the annual fixed remuneration of JD Merchandising from 16 months to 20 months for the next 1.5 years starting from 1 July 2024, with no cap on performance incentives.

JD founder and board chairman Liu Qiangdong delivered an internal speech at an executive meeting before the 618 shopping festival, saying that the group will never fire its employees as long as they work hard.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-27 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)