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View all search resultsThe threat of firings has walloped morale and prompted many to explore employment elsewhere, according to the people. JD has come under increasing pressure from a more-diversified Alibaba as Chinese consumption succumbs to a decelerating economy, while upstart rivals such as Pinduoduo draw customers away. JD’s latest move mirrors internal overhauls by Tencent Holdings and Didi Chuxing, which’re coming off their once-breakneck pace of growth.
Grab is opening its app to external developers and fellow startups, as the company that bought out Uber Technologies Inc. in Southeast Asia tries to build a WeChat-like super-app that encompasses everything from maps and payments to food delivery.
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