| JD 京东 | | | | --- | --- | --- | | 31 250 4 -0.360 -1.14% | | 收盘价 11/12 15:59 美东 | | 32.210 ↑ 0.960 +3.07% | | 盘前价 11/13 04:09 美东 | | 三 71 24 华 S 9 目 ♥ 白选 | | ● 快捷交易 | | 最高价 31.930 | 开盘价 31.930 | 成交量 1492.75万 | | 最低价 31.110 | 昨收价 31.610 | 成交额 4.68亿 | | 平均价 31.364 | 市空率 8.70 | 总市值 443.13亿 (…) | | 振 幅 2.59% | 市盈率(静) 8.27 | 总股本 14.18亿 | | 换手率 1.20% | 市净率 1.387 | 流通值 390亿 | | 52周最高 45.115 | 委 比 -82.14% | 流通股 12.48亿 | | 52周最低 29.900 | 量 比 1.43 | 色 主 1股 | | 历史最高 98.263 | 股息TTM 1.015 | 换股比率 2.00 | | 历史最低 17.431 | ...

Core Insights - The article discusses the issue of frozen funds for merchants on the JD platform, emphasizing that forced withdrawal of these funds is not permitted due to established rules and processes [1][3] Group 1: Reasons for Fund Freezing - Common reasons for fund freezing include transaction disputes or complaints, where funds are temporarily frozen for investigation, as seen in a case where a home goods store faced a collective complaint leading to a 200,000 yuan freeze for 15 days [1] - Suspicion of violations such as fake transactions or selling counterfeit goods can lead to account freezes and penalties, as demonstrated by a digital accessory store that faced sanctions for engaging in fraudulent activities [1] - Insufficient security deposits or expired contracts can also result in restricted fund movement, along with judicial freezes due to debt disputes or legal actions [1] Group 2: Reasons Against Forced Withdrawal - Technical limitations prevent merchants from executing forced withdrawals, as the JD platform's fund management system is strictly controlled by the platform [3] - Legal risks arise if merchants attempt to bypass freezes through illegal means, which could lead to criminal charges, as evidenced by a case in 2024 where a merchant was prosecuted for forging court documents [3] - Attempting forced withdrawals may damage a merchant's credit standing, potentially resulting in severe penalties such as account downgrades or even store closures [3] Group 3: Recommended Actions for Merchants - Merchants should proactively communicate to clarify the reasons for fund freezing by checking notifications in the JD merchant backend or contacting customer service for specific codes [4] - Providing relevant documentation is crucial, such as shipping records or quality inspection reports for transaction disputes, and acknowledging any wrongdoing if violations are suspected [4] - Utilizing the platform's appeal mechanisms and taking preventive measures, such as diversifying fund management and ensuring compliance with operational standards, can help mitigate risks [4]

Core Viewpoint - JD.com (09618.HK) plans to increase its R&D expenditure from RMB 4 billion in Q1 2024 to RMB 4.6 billion (approximately $600 million) in Q1 2025, reflecting a 14.6% increase [1] Financial Summary - R&D expenditure as a percentage of revenue is projected to be 1.5% in Q1 2025, down from 1.6% in Q1 2024 [1]