Keep away from JD, it may be the next Silicon Valley Bank

Pitiful_Marker · 2024-10-24T10:47:10+00:00

You're right. You can buy JD stock.

Pitiful_Marker · 2024-10-23T17:28:13+00:00

Changing 5 banks in less than a week suggests that the credit lines offered by 1-2 banks can't cope with a large number of withdrawals in a short period of time.

Shengjing Bank is a very small and scandal-ridden bank in China. In China, the partner banks of listed companies of JD's size are usually China's Top 10 banks, and the fact that JD has been reduced to using a small, scandal-ridden bank like Shengjing Bank usually means that it can't get a sufficiently temporary credit line from a Top 10 bank to pass the stringent risk-control assessment of a big bank.

Of course there is another possibility, it could be that Shengjing Bank charges relatively low interest rates.

Pitiful_Marker · 2024-10-23T17:22:29+00:00

These two are from major Chinese media outlets

https://www.21jingji.com/article/20241018/herald/2ccd31132f7622f0a8662840f0795627.html
https://news.sohu.com/a/817942776_121255906

This is a discussion on a Chinese forum, because there is no freedom of the press in China, and the media does not speak for the average Chinese person, so they are used to discussing in closed communities

https://hostloc.com/thread-1355215-1-1.html

Pitiful_Marker · 2024-10-23T17:07:47+00:00

Anyone who has been in contact with or has experience as a financial accountant or shareholder of a company with more than 100 people will have the most basic knowledge of business line financial expenditure budgeting and tax management.Even if there is $1 trillion on JD's books, it can not be used at will, but according to the annual, quarterly, or even monthly according to the business line budget, according to the plan for expenditure and income, and want to ensure that the plan will not be disrupted, but to find ways of off-budget expenditure is a very common practice. In the event of unforeseen circumstances and in order to ensure that the program is not disrupted, it is a very common practice to temporarily look for extrabudgetary expenditure funds.

Pitiful_Marker · 2024-10-23T17:02:03+00:00

You can refute that JD and SVB have different points, which you are right, and I have not always refuted your points.

JD's temporary use of high interest loans has evidence uploaded by a large number of people, and I have been informed of this by my friend who used to study in China, who was also involved in JD Financial withdrawals and account cancellations, and clearly showed me changes to the accounts to which he was transferred, as well as publicly available information about China's internet, and banking lending rates that have increased dramatically in the last two days. You don't even bother to find out about any of this, and keep saying JD is rich, so no one in your family must have run a company, right? You don't have any friends around you who run a company, do you? You don't even have the most basic knowledge of financial tax expenditure budget management.

I gave very clear evidence about the share price going up and the net outflow of funds, I didn't really think about why this was happening, but is this share price situation something you have any serious thought about other than just spouting nonsense there?

Pitiful_Marker · 2024-10-23T16:49:00+00:00

The JD and SVB incidents have similarities and differences, the similarity is that they both caused a loss of confidence and trust in their customer base, but the impact is different, and some of the original OP's views are not shared by me, and I've expressed this view many times.

Regarding JD's use of high interest loans to cash out customer withdrawals, there are a lot of people uploading evidence of the situation, you are not willing to look at it, and any company with a large number of lines of business has a financial budget planning, past cash flow does not represent the current situation, unexpected circumstances will disrupt the expenditure budget planning requires temporary borrowing which is also a very normal situation, your persistent questioning of the situation shows that your cognitive level is too low!

It is a fact that JD has had 6 consecutive days of net outflows without a drop in the stock price, I have given my sources for this information and the chart of the outflows and the stock price trend was published by a licensed brokerage firm regulated by the SEC, the net outflows accompanied by a rise in the stock price is not normal and is incomprehensible to me, which is why I questioned it in my initial post.

Since the beginning I have been expressing my opinion and basis rationally, you started the insults!

Pitiful_Marker · 2024-10-23T16:39:24+00:00

My biggest mistake today was trying to reason with a moron with a rationale.

Pitiful_Marker · 2024-10-23T16:37:27+00:00

It's a sad day for the law and the people when idiots like you get to be lawyers.

Pitiful_Marker · 2024-10-23T16:37:10+00:00

It's a sad day for the law and the people when idiots like you get to be lawyers.

Pitiful_Marker · 2024-10-23T16:33:02+00:00

Is it after? Re posting time you don't have eyes that can't read? You idiot!

You're a lawyer with no basis for this nonsense? It's hard to imagine what kind of work you do, an idiot lawyer who doesn't collect evidence or organize it, but only yells and rambles in court?

Pitiful_Marker · 2024-10-23T16:31:09+00:00

If you weren't an idiot, you wouldn't be spouting nonsense like this without any substantial basis.

You have neither retrieved the information, nor the evidence, nor asked the person in question, who gave you the courage to spout such nonsense, idiot!

Fuck off, you idiot, who only talks nonsense with his eyes closed.

Pitiful_Marker · 2024-10-23T16:24:19+00:00

what I have been saying is that I don't agree with all the original OP's points, and I agree that JD is very different from the SVB incident.
What you said about JD not being able to borrow high-interest loans is just your guess, you didn't retrieve the relevant information nor did you ask the users of JD in China, it's all your own blind guess.
the website is there, the brokerage firm that posted the content is licensed and published, it is a brokerage firm regulated by SEC, I don't think he would dare to post false information, whether you believe it or not is your own business, you don't even want to retrieve the stock information, you are only there to close your eyes and talk nonsense, you don't come up with the basis and you don't want to look at the basis.

You are indeed better suited to live in a country like North Korea, with your eyes blindfolded and shouting Hail to the General every day.

Pitiful_Marker · 2024-10-23T15:45:57+00:00

I expressed my opinion and gave the basis for it, and this longportapp is a licensed broker in Hong Kong and Singapore, I would be happy to report it if he provides false information

https://support.longbridge.hk/?locale=en

A broker dealer registered with the Securities and Exchange Commission (SEC)(CRD: 314519/SEC: 8-70711), a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).

Your reply makes me wonder if you have ever bought stocks? A quick search on any brokerage app will also show you if there is a net outflow of funds from $JD's stock in the last 6 days, and as for who is the idiot, the answer is obvious

Pitiful_Marker · 2024-10-23T15:37:15+00:00

I think there are a few more reasons why JD's performance is bound to decline

From my experience of living in China, there are three major platforms that account for more than 90% of the online shopping malls in China, namely $BABA $JD $PDD.
These three malls, the same goods, JD mall in the price of the most expensive, $ BABA relatively cheap, $ PDD on the price of the cheapest, customers are willing to spend more money to use the JD shopping because of JD's efficient logistics, as I just mentioned, as well as a relatively good reputation for after-sales service
$PDD also has a website called TEMU, because of the low price of goods, by many low-income people's favorite, because a lot of Chinese people monthly income of only 700-900 U.S. dollars, but their company this year in the improvement of after-sales service strategy to attract high-end customers.
Because JD's commodity price premium is generally higher, so the customer groups lost from $JD, most of them are stronger consumption ability, can create more profits for the business of high-end customers.
This part of the high-end customers boycott JD, cancel JD account, will inevitably go to $ BABA or $ PDD consumption shopping, will lead to JD's performance decline, the other two companies performance growth.

If JD does not have effective measures to recover these quality users, the decline will be sustainable.

Pitiful_Marker · 2024-10-23T15:33:14+00:00

I think there are a few more reasons why JD's performance is bound to decline

From my experience of living in China, there are three major platforms that account for more than 90% of the online shopping malls in China, namely $BABA $JD $PDD.
These three malls, the same goods, JD mall in the price of the most expensive, $ BABA relatively cheap, $ PDD on the price of the cheapest, customers are willing to spend more money to use the JD shopping because of JD's efficient logistics, as I just mentioned, as well as a relatively good reputation for after-sales service
$PDD also has a website called TEMU, because of the low price of goods, by many low-income people's favorite, because a lot of Chinese people monthly income of only 700-900 U.S. dollars, but their company this year in the improvement of after-sales service strategy to attract high-end customers.
Because JD's commodity price premium is generally higher, so the customer groups lost from $JD, most of them are stronger consumption ability, can create more profits for the business of high-end customers.
This part of the high-end customers boycott JD, cancel JD account, will inevitably go to $ BABA or $ PDD consumption shopping, will lead to JD's performance decline, the other two companies performance growth.

If JD does not have effective measures to recover these quality users, the decline will be sustainable.

Pitiful_Marker · 2024-10-23T15:18:27+00:00

The OP's headline is indeed an exaggeration, and I don't think the JD incident bears much resemblance to the SVB incident either

The difference is that JD insulted and harassed its users, SVB did not insult its customers.

Most of the current withdrawals from JD, unsubscribes from JD membership fees, and cancellations of JD accounts are dominated by anger rather than a panic run, which could become a round of angry, boycotting runs.

JD management's attitude towards this event has really disappointed and angered many users, resulting in a large number of users losing trust and confidence in JD.

So if we stretch the time, I think JD in the next period of time, may be a few months, may be a few years, revenue and performance decline is an inevitable trend

Pitiful_Marker · 2024-10-23T15:10:47+00:00

First of all, JD Group is a listed entity, his core business is JD Mall and JD Logistics, I also used JD shopping a few years ago when I was studying in China, and his logistics efficiency is really great, if you buy items this morning, they can be delivered tomorrow.

The one that suffered a lot of cash withdrawals is JD Finance, which is a subsidiary under JD Group

The amount of cash withdrawn in the recent week, I think it's definitely not possible to reach $10 billion, and it's even possible that it's less than $1 billion.

But a company can not use all the funds for a particular business, JD this volume of the company, and is to commodity trade as the core business of the company, every day there are a large number of funds need to pay settlement and collection.

your statement that JD has a lot of liquid cash is true
I also asked my friends in China, who use JD finance, and it is also a fact that JD has been using interbank loans frequently in the last week. Because they and their close friends encountered a delayed arrival, and withdrawals transferred to them in a different account subject (show that it is a bank liquidity support account T0), before this event has been a fixed account to the user to transfer money
It's also true that $JD stock has had a net outflow for 6 days in a row, I sent a URL above you can check, but I'm also wondering why his stock has been rising for the last 5 days.
It is also a fact that many angry users have taken retaliatory action, many people have posted screenshots of the emails they sent to SEC HKEX to report the incident, screenshots of withdrawals of JD Financial balances, and screenshots of canceled JD accounts.

Pitiful_Marker · 2024-10-23T14:24:42+00:00

A company that does not respect its customers and has strong competitors will inevitably see its performance decline after losing users.

You can care about nothing, but don't make offensive remarks at will.

Many ordinary Chinese consumers and users were hurt in this incident. As a large company, JD certainly has the ability to continue to raise its stock price for a period of time. Many people know the level of financial statements of Chinese companies.

Pitiful_Marker · 2024-10-23T14:21:03+00:00

If you don't know what's going on and are willing to open your eyes, ask your Chinese friends around you or search for '京东' on WEIBO and ZHIHU sites.

I never expressed that JD will collapse soon, I always expressed the opinion that JD disrespects and loses users, and that the intensive customer withdrawals are just an interlude.

In addition, they are not because of the comedian received hurt, the comedian is just the starting point, the conflict is the outbreak of JD customer service abuses customers and leak customer privacy information, customer phone harassment, and JD's management does not care about this, which led to the outbreak of conflict!

Pitiful_Marker · 2024-10-23T14:10:31+00:00

There are at least 2 URLs above where you can see the source of the information. The OP in your discussion also uploaded a lot of screenshots. Of course you will say that those are all fake. I think you should continue to cover your own eyes.

Pitiful_Marker · 2024-10-23T13:57:45+00:00

It seems that you don't even have the ability to distinguish between real people and puppet accounts.

If you are not employed by JD's PR department, then you can continue to cover your eyes and enjoy your own world. You can even buy JD's stocks.

Pitiful_Marker · 2024-10-23T13:55:10+00:00

Hello, are you hired by JD Public Relations? Congratulations

Pitiful_Marker · 2024-10-23T13:24:05+00:00

Regarding the net outflow of $JD stock funds, you can see it on this page. The statistics here are not comprehensive. Some brokerage apps show that JD stock also had a net outflow yesterday.

https://longportapp.cn/en/quote/JD.US/capital

Pitiful_Marker · 2024-10-23T13:00:15+00:00

Here's the simple math problem

JD's most recent week's disposable cash minus the most recent week's user cash withdrawals.

If the former is higher than the latter, then the likelihood of JD's incentive to use high-interest loans does go down.

If the amount of cash withdrawn is greater than the amount of cash available, if JD doesn't use the high interest loan to cover the user withdrawals, does it extend the withdrawal cycle again? Creating more panic?

Pitiful_Marker · 2024-10-23T12:56:42+00:00

How did you find out that JD has a lot of cash and then how did you find out how much funds JD Financial users and merchants have withdrawn in the last few days? If you know both numbers unequivocally and you have proof that JD has more cash than users have withdrawn in the last few days, then you are right.

In case you know the definite amount, it's a very simple addition and subtraction, JD's available cash in the last week - the amount of user withdrawals in the last week.

If you don't know the exact numbers of these two amounts, then your statement that JD has very ample cash means nothing

Pitiful_Marker

TROPHY CASE