{"id":145750,"date":"2023-01-30T08:00:00","date_gmt":"2023-01-30T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=912973"},"modified":"2023-01-30T08:00:00","modified_gmt":"2023-01-30T00:00:00","slug":"chinese-e-retailer-jd-com-reportedly-to-exit-thailand-and-indonesia-market","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/01\/30\/chinese-e-retailer-jd-com-reportedly-to-exit-thailand-and-indonesia-market\/","title":{"rendered":"Chinese e-retailer JD.com reportedly to exit Thailand and Indonesia market"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>Chinese online retailer JD.com (NASDAQ:JD) is stepping out of Indonesia and Thailand amid intense competition in Southeast Asia.<br \/>\nThe retailer will stop taking orders on February 15 onwards in both countries and shut down the following month, as per the announcements on the two websites.<br \/>\nCustomer service support will be available online until March 15 in Indonesia and March 30 in Thailand.<br \/>\n\u201cJD.com will continue to serve the global markets, including Southeast Asia, through its supply chain infrastructure,\u201d the company said in an email. \u201cWe are developing in international markets by focusing on building a cross-border supply chain network with logistics and warehousing at the core.\u201d<br \/>\nThe company's foreign operations and other \u201cnew business\u201d accounted for just over 2% of total sales, the company said.<br \/>\nLast month, JD Indonesia has cut 200 jobs, almost 30% of the staff.<br \/>\nThe company reported profit of 6B yuan ($800M) in Q3 on sales of 243.5B yuan ($34.2B).<br \/>\nLooking at the stock action, JD slipped ~5% in premarket session. It has gained around 11% so far this year.<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese online retailer JD.com (NASDAQ:JD) is stepping out of Indonesia and Thailand amid intense competition in Southeast Asia.<br \/>\nThe retailer will stop taking orders on February 15 onwards in both countries and shut down the following month, as per th&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1527,1607,194,472,1002,1284],"tags":[3472,2214,3836,10315,8464,1745,4886],"class_list":["post-145750","post","type-post","status-publish","format-standard","hentry","category-currency","category-manufacturing","category-news-chinese-law","category-renminbi","category-retail","category-stock-market","tag-chinese","tag-indonesia","tag-logistics","tag-media-intelligence","tag-supply-chain","tag-thailand","tag-yuan"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/145750"}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=145750"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/145750\/revisions"}],"predecessor-version":[{"id":145751,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/145750\/revisions\/145751"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=145750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=145750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=145750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}