Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data 
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.
