JD.com, Inc. (JD) closed at $59.53 in the latest trading session, marking a -0.5% move from the prior day.
(Bloomberg) -- Chinese online retailer JD.com Inc. is closing its Indonesia and Thailand e-commerce sites as the company shifts its overseas strategy toward supply-chain and logistics services.Most Read from Bloomberg8,000 Layoffs Don’t Exactly Scream Family ValuesSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesMicrosoft Studio Behind Halo Faces a Reboot on Years of TurmoilNational Archives Releases Records Ti
JAKARTA/BEIJING (Reuters) -China's JD.com is to close its e-commerce services in Indonesia and Thailand, retreating from Southeast Asia after a bruising year for China's retail and technology sectors. JD.com will end its services in Thailand from March 3 and in Indonesia from the end of the same month, its local websites showed. A spokesperson for JD.com said in a statement on Monday that the company will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.