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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Consumer Staples
Chinese Jewelry's Enterprises Journey to Go Global
26-year-old Xiaolin plans to marry his girlfriend of five years, and purchasing gold and silver jewelry is an essential part of the wedding preparations. When he went shopping, he was shocked to find that the prices of gold and silver jewelry had skyrocketed. A ring he liked last year had already increased in price by 17% this year.
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