JD.com Falls Back on Logistics in Southeast Asia After E-commerce Defeat
The Chinese e-commerce giant entered Southeast Asia in 2015 through a joint venture with an Indonesian investment firm, but the local competition proved too toughKey Takeaways:JD will cease operations in…
CHINA BULLETIN: Who’s Lost That Sinking Feeling? Not China Stocks
The benchmark Hang Seng Index fell 4.4% for the week, reaching lows not seen since 2011. The Hang Seng China Enterprises Index fell by an even larger 4.8%, while the iShares MSCI China ETF shed 5.7%. Not good news for anyone with a big China nest egg.