JD CENTRAL announced the termination of the business, effective from March 3, after accumulated losses. forecast this year e-commerce business Risk of closing more businesses Can’t compete with 2 online platforms that dominate the Thai market
Today (30 Jan. 2023) Facebook page JD CENTRAL Post a notice to stop the service. Which is effective from March 3 and will close orders at 23:59 on February 15.
It also states that Shipping JD CENTRAL will handle completed product orders. Before and within March 3, the delivery time depends on the actions of the external shipping company and the seller.
after-sales service section After-sales service will be continued for completed orders. Which will be open for service until March 31 from 9:00 AM to 6:00 PM through the following channels: JD CENTRAL Platform Online Customer Support Center (Live Chat Channel) Phone 02-030-4599
Email : [email protected]
Discount coupons: JD points (JD POINTS) and discount coupons will be available until 11:59 p.m. on March 3, while the product warranty. run by brand according to brand policy and Thai law
JD CENTRAL would like to thank all our customers, partners, partners and employees for your continued support. And have been a part of our journey through the years, best regards.
suffered a continuous loss
Central JD Commerce Co., Ltd. gave the reason for this decision. It is in line with JD.com’s policy to focus on expanding and developing its business in overseas markets. and building a cross-border supply chain network mainly through distribution and logistics. Considered to withdraw the business from Thailand. After operating for about 5 years
this withdrawal This surprised the e-commerce industry quite a bit because JD Central is China’s second-largest fintech company. It was found that JD Central’s income continued to lose. In 2021, there was a loss of around 1,900 million baht. In 2020, there was a loss of around 1,300 million baht. And if you look at many e-commerce businesses, there are financial problems. And lay off employees, both Amazon and Shopee
Mr. Thanawat Malabuppha, President of the Thai Electronic Commerce Association, stated that the termination of JD CENTRAL’s business because it could not compete with Shopee and Lazada, which still dominate the market. And this year, there is an opportunity to see e-commerce businesses cease operations or lay off more employees.
From the fierce competition during the COVID-19 epidemic, but after the COVID-19 subsided, people went out to live normal lives. coupled with the slow recovery of the economy cost of living issue People are less cautious about spending and shopping online, so any online platform that can’t compete has to stop doing business.
This year, the e-commerce business will grow by about 10 percent, with a value of 600,000 million baht, down from the previous year at 700,000 million baht
Data from KKP Research reveals that Shopee and Lazada have the highest number of visitors. Compared to all online retailers in the country
With average monthly active users reaching 51 million and 33 million respectively, while JD CENTRAL has 2 million active users.