21st Century Economic Reporter Kong Haili reports from Beijing
On the afternoon of October 13th, a spokesperson for JD Group's Weibo @ JD posted an article stating, "We are concerned about rumors that 'a businessman surnamed Liu is suspected of violating the law and has been arrested'. This rumor was deliberately posted by someone with ulterior motives on JD's relevant news dynamics to confuse the public and manipulate public opinion. We express strong indignation at this heinous behavior and have reported it to the public security organs
Perhaps influenced by this news, today, JD Group's Hong Kong stock market plunged, with a maximum drop of 12.91%. As of press release, the decline was 11.21%, at HKD 104.5 per share, the lowest since its listing, with a total market value of HKD 332.276 billion.