China-based e-commerce platform JD.com is said to be closing its e-commerce services in Indonesia and Thailand, Reuters reported on Monday.
JD.com will end its services in Thailand from March 3 and in Indonesia from March 31, its local websites showed. Both shopping sites will stop taking orders on Feb 15.
Quoting a spokesperson for JD.com, the report added that the company will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.
JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue. JD.com said it sets the standard for online shopping through its commitment to quality, authenticity, and its vast product offering covering everything from fresh food and apparel to electronics and cosmetics. It also claimed its unrivaled nationwide fulfillment network covers 99 percent of China’s population, and provides standard same- and next-day delivery – a level of service and speed that is unmatched globally.
The company started its e-commerce operation in Indonesia under the name JD.ID in 2015 as a joint venture with Provident Capital, while the Thai platform was launched two years later with the country’s largest retailer Central Group, according to Reuters.
In Southeast Asia, JD.com competes against larger players such as Alibaba Group’s Lazada, Sea Ltd’s Shopee and GoTo Group’s Tokopedia.