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Strong competition: What went wrong for China’s JD in Thailand, Indonesia

In January, Chinese retail giant JD announced that it was shutting down its e-commerce operations in Indonesia and Thailand and would stop taking orders in both markets on 15 February.  The company said it will continue to serve customers in global markets, such as Southeast Asia, through its supply chain infrastructure.  While did not give any official reason for the move, industry experts have noted that competition in Southeast Asia’s e-commerce market is fierce, and some h