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JD to shut down in Indonesia, Thailand in March
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JD.ID employees check and sort goods at the company’s warehouse in Marunda, Bekasi regency, West Java. (JP/Wendra Ajistyatama)
E
-commerce platform JD will disband its operations in Indonesia and Thailand next month, following a decision by China-based JD Global to cut costs.
“With a heavy heart, we announce that JD.ID will stop receiving your orders starting [Feb. 15, 2023]. JD.ID and all of its services will be stopped [on March 31], 2023,” read the announcement on the JD.ID website.
JD.ID head of corporate communications and public affairs Setya Yudha confirmed the news on Tuesday, saying that “it was a strategic decision from JD.COM.”
Setya told The Jakarta Post that the move was in accord with JD Global’s focus to grow in the international market, “building international supply chains with logistics and warehouses as the core [focus].”
JD is also exiting the Thai market, with effect on March 3, according to the local website.
Citing Reuters, a spokesperson for JD.com said in a statement on Monday that the company would continue to serve global markets via its existing supply chain infrastructure, including Southeast Asia.
Both JD Global and JD.ID had been looking for investors to take over the shares of the e-commerce joint ventures in Indonesia and Thailand since November. Neither JD.com nor JD.ID revealed any specific reason for the closures.
