#JD.COM JINGXI WECHAT PAY MORNINGPOST SOFTWARE#

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#JD.COM JINGXI WECHAT PAY MORNINGPOST SOFTWARE#

As tutors, software engineers, and building contractors get cut, new jobs in climate tech, rural revitalization, semiconductors, and batteries are opening up.Īnalytics cookies help us understand how our visitors interact with the website.

The takeaway: While stock markets can sometimes be unreliable indicators of industry health, employment numbers provide a better bellwether of China’s structural reforms. According to 36Kr, JD.com’s gross merchandise value (GMV) last quarter totaled 9 billion yuan ($1.42 billion), significantly less than its competitors Pinduoduo (43 billion yuan), Meituan (38 billion yuan), and Alibaba (13 billion yuan).

Consequently, its sales volumes are comparatively weak.

JD.com was about a year and a half late to the group-buying frenzy, relative to its competitors such as Meituan, Pinduoduo, and Alibaba.

They include Tencent - which announced layoffs of approximately 10% to 20% in its cloud and internet services division last week - along with search giant Baidu, Alibaba, and video-sharing platform Kuaishou. The context: Chinese tech companies are preparing to cut tens of thousands of jobs this year in one of their biggest layoff rounds to date.

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