China's JD.com is to close its e-commerce services in Indonesia and Thailand, retreating from Southeast Asia after a bruising year for China's retail and technology sectors. JD.com will end its services in Thailand on March 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders on February 15. A spokesperson for JD.com said in a statement on Monday that the company will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure. The company, which did not give a reason for the closures, started its e-commerce operation in Indonesia under the name JD.ID in 2015 as a joint venture with Provident Capital , while the Thai platform was launched two years later with the country's largest retailer Central Group . Read Also Tencent bets big on WeChat Channels in push to build its own TikTok Amazon to hike prices of some music subscription … [Read more...] about e-commerce: China’s JD.com to shut e-commerce sites in Indonesia, Thailand
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india: India to have 100 5G labs: Here’s what industry players have to say
Finance minister Nirmala Sitharaman in her Union Budget 2023-24 speech announced that the government will set up 100 labs in the top engineering institutions to develop apps and services for the next-generation network. India launched 5G in October last year and services are being rolled out by Reliance Jio and Bharti Airtel across India. "To realise new opportunities, business models and employment potential, the 5G labs will cover applications such as smart classrooms, precision farming, intelligent transport systems and healthcare applications," said the finance minister. Industry leaders have praised the move and said that the labs will further growth of private networks. Read Also 5G rollouts on in select pockets but backhaul infra to cost Rs 3 lakh crores over 4-5 years: ICRA Priyanka Anand, Vice President and Head HR, Southeast Asia, Oceania & India at Ericsson, said the initiatives will aid in bridging the skill gap and will … [Read more...] about india: India to have 100 5G labs: Here’s what industry players have to say