JD-SW (09618.HK)  -0.500 (-0.401%)    Short selling $742.34M; Ratio 28.281%   announced its official entry into the tourism industry, and said that the tourism market has been increasingly prosperous in recent years, simultaneously generating more diverse demands.

JD-SW aimed to provide supply chain services to the hotel industry through new channels, optimize supply chain costs, seize growth opportunities and promote healthy and sustainable development of the hotel industry.

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Hotel merchants participating in the 'JD Hotel PLUS Membership Program' will enjoy up to 3 years of zero commission, JD-SW added. JD-SW faded 1.4% to last at $129.6, while TRIP.COM-S (09961.HK)  +0.800 (+0.180%)    Short selling $385.35M; Ratio 15.701%   waned 3.4% to $464. MEITUAN-W (03690.HK)  +0.800 (+0.624%)    Short selling $1.18B; Ratio 14.808%   cascaded 3.5% to $133.2.

JD-SW hoped to help the hotel industry reduce operating costs, thereby releasing more resources to focus on service quality and experience renewal. JD-SW has over 800 million high-spending power users nationwide, and cooperates with over 30,000 large enterprises and 8 million SMEs, with a high overlap with the main customer group of 4-star-and-above hotels, potentially bringing richer and more diverse high-potential passenger flow.

The high-frequency consumption of massive users has spawned more consumption demands such as travel, JD-SW added.

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Richard Liu declared that the goal of entering the hotel and travel industry is to optimize the supply chain, reduce industry costs to one-third of the original level, and provide new solutions for the supply chain in fields such as hotels and catering.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)