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 ValuesNational Archives Releases Records Tied to Trump Classified DocumentsAdani Stock Crash at $92 Billion as Collateral Worries GrowIntel Slashing CEO, Managers’ Pay in a Bid to Preserve CashPorsche Blunder Puts $148,000 Sportscar on Sale
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.