JD.com's Group-buying Unit Jingxi Reportedly In a New Round of Layoff
Jingxi (Chinese: 京喜), the social e-commerce arm of China's online retail giant JD.com, is undergoing a new round of personnel and business optimization, sources said on July 16. Several insiders said that the entrance of Jingxi in JD's mobile app would probably be replaced in the future. Liu Qiangdong admitted the failure of Jingxi at the group's strategy meeting last week, according to a person familiar with the matter.
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