Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
TD Bank Expands Employee Monitoring Software to Boost Productivity Amid Privacy Concerns 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Frank Stronach Found Guilty of Sexual Assault and Indecent Assault in Ontario Court 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 
Trump Says Anthropic No Longer Seen as National Security Threat 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
BHP Shares Fall as Jansen Potash Project Costs Surge 
John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race 
China’s JD will close its e-commerce services in Indonesia and Thailand after a bruising year for the Chinese business environment.
JD did not give a reason for the closures.
The company will end its services in Thailand on March 3 and in Indonesia from the end of the same month. Both units will stop taking orders on February 15.
A JD spokesperson said that the company will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.
JD started its e-commerce operation in Indonesia in 2015 as a joint venture with Provident Capital, while the Thai platform was launched in 2017 with the Central Group, Thailand’s largest retailer.
The company, which also operates the omnichannel retail brand Ochama in Europe and has other ventures such as JD property, failed to gain traction against larger players such as Alibaba Group’s Lazada, Sea Ltd’s Shopee, and GoTo Group’s Tokopedia.
In contrast to bigger competitors like Lazada by Alibaba Group, Shopee by Sea Ltd, and Tokopedia by GoTo Group, JD was unable to gain traction.
JD's exits, according to Nattabhorn Buamahakul, a partner at Asia Group Advisors located in Bangkok, were a result of the region's fierce competition in e-commerce, particularly in Thailand.
