JD.com is pulling the plug on its Thailand and Indonesian platforms following a major setback for the company’s overseas expansion efforts, Ben Jiang of South China Morning Post reports. JD Central in Thailand will cease operations on March 3 while JD.ID in Indonesia will stop on March 31. JD.com plans to move from running its own regional e-commerce platforms to building a cross-border supply chain network with logistics and warehousing to serve regional global customers. Reference Link
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on JD:
- Dada Nexus, JD.com announce results from JD Shop Now Spring Festival
- JD Falls after Shutting Down Operations in Indonesia and Thailand
- Website Traffic Bodes Well for These 2 ‘Strong Buy’ Stocks — Check Them Out Before Their Earnings
- 3 E-Commerce Stocks to Add to Cart, According to Analysts
- #SocialStocks: Meta implements new restrictions for advertising to teens