Jan 31, 2023 04:57 AM

BUSINESS

JD.com Closes E-Commerce Businesses in Indonesia and Thailand

By Yang Jinxi and Han Wei

JD launched JD.ID in 2015 with investors including Provident Capital, with operations starting in 2016

JD launched JD.ID in 2015 with investors including Provident Capital, with operations starting in 2016

JD.com Inc. is closing its online shopping sites in Indonesia and Thailand as part of the Chinese e-commerce giant’s business strategy revamp in the highly competitive Southeast Asia market.

JD.’s Indonesian online marketplace JD.ID said Monday in a statement that it will stop accepting orders in mid-February and all services will be discontinued by the end of March. Its Thailand counterpart JD Central will cease operations March 3.

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