The reason JD's stock keeps dropping has been found—brothers, we're all his ATM. Brother Dong was granted stocks worth at least HK$5.8 billion. JD Health: HK$149.5 billion market cap → 2% ≈ HK$3 billion JD Logistics: HK$100 billion market cap → 2% ≈ HK$2 billion JD Industrial: HK$39.1 billion market cap → 2% ≈ HK$800 million From 2020 to 2025, Brother Dong took a total of ¥1.5 billion RMB from JD Logistics and ¥2.6 billion RMB from JD Health, adding up to ¥4.1 billion RMB. During the same period, Brother Xing paid himself ¥31.3 million, and Brother Pony took ¥278 million—pretty restrained in comparison.