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JD.COM, INC.

(JD)
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Real-time Estimate Cboe BZX  -  10:53:17 2023-03-28 am EDT
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JD.com to Close Thai, Indonesian E-Commerce Sites

01/30/2023 | 04:40am EDT

By Justina Lee


JD.com Inc. will end e-commerce services in Thailand and Indonesia in March, the company said, without providing a reason for the closures.

The move will affect its JD.ID and JD CENTRAL sites, according to the Chinese e-commerce company's websites in both countries Monday.

A spokesperson for JD.com said that the company will continue to serve global markets, including Southeast Asia, through its supply-chain infrastructure.

JD Property, one of JD.com's Indonesian units, has invested in and managed 20 logistics parks in Jakarta, Cikarang and Karawang since last year, the company said.

Since 2020, JD.com has launched self-operated warehouses in more than 10 countries including the U.K., Vietnam and Malaysia.


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

01-30-23 0440ET

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Analyst Recommendations on JD.COM, INC.
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Financials
Sales 2022 1 047 B 152 B 152 B
Net income 2022 11 002 M 1 598 M 1 598 M
Net cash 2022 107 B 15 565 M 15 565 M
P/E ratio 2022 40,0x
Yield 2022 -
Capitalization 429 B 62 375 M 62 375 M
EV / Sales 2022 0,31x
EV / Sales 2023 0,25x
Nbr of Employees 385 357
Free-Float 79,7%
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Technical analysis trends JD.COM, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 40
Last Close Price 273,88 CNY
Average target price 491,63 CNY
Spread / Average Target 79,5%
EPS Revisions
Managers and Directors
Lei Xu President, CEO & Executive Director
Ran Xu Senior Vice President-Finance
Qiang Dong Liu Chairman
Nan Li Director-Strategy & Operations
Cheng Feng He Chief Compliance Officer
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