Richard Liu, Founder and Chairman of JD-SW (09618.HK) +4.500 (+3.351%) Short selling $457.47M; Ratio 14.437% (JD.US) , said at a JD wine tasting event that a new hotel development plan will be announced later, according to Securities Times. Liu believed that private enterprises should meet simply and practically, while all companies should compete where competition is warranted, and ultimately win consumers' trust based on their strategy, business model, value creation and reputation. Related NewsJPM: JD-SW Not Intended to Vying for Food Delivery Mkt Shr at All Costs, Hopes for Synergy with E-Commerce BizHe also argued that competitors should not become enemies, and there is neither reason nor necessity to transform normal business competition into personal grudges. Liu emphasized that he holds great respect for Wang Xing, Chairman of MEITUAN-W (03690.HK) +0.800 (+0.758%) Short selling $1.09B; Ratio 15.904% , and also highly appreciates Wang Puzhong, Senior Vice President of MEITUAN-W.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-19 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)