JD-SW (09618.HK) +2.900 (+2.546%) Short selling $309.16M; Ratio 25.736% announced that the promotion for its "JD 618" shopping festival started last Friday (31 May). Turnover of brands including Apple (AAPL.US) , XIAOMI-W (01810.HK) +0.420 (+2.403%) Short selling $257.52M; Ratio 13.523% and Huawei exceeded RMB100 million. As of 1 June, the turnover of more than 10,000 brands has rocketed over 5x YoY.
JD revealed that among the new merchants participating in "JD 618" for the first time, the count of new merchants with turnover exceeding RMB1 million soared 45x compared with the previous month. The number of live broadcast viewers in the first four hours of "JD 618" hiked 460% YoY, while the number of orders during live broadcasts by JD Merchandising spiked 300% compared with that in the first four hours of the 2023 Double Eleven shopping festival.
In addition, JD LOGISTICS (02618.HK) +0.160 (+1.878%) Short selling $1.44M; Ratio 1.564% has completed its first supply chain base in Hong Kong. Consumers in Hong Kong can receive their goods from JD as early as the next morning after ordering, with next-day arrivals accounting for about 80% of the total delivery orders. In the first four hours of "JD 618" this year, orders from JD LOGISTICS in Hong Kong and Macau grew nearly 100% YoY.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
