Chinas second largest e-commerce player, JD.com, has announced a restructuring of its main shopping site and the creation of an office of the chief executive to better serve its customer-centricstrategy and allay investor concerns amid rapid changes in the countrys online shopping industry.
The overhaul will divide JD Mall, the companys main revenue driver, into three segments, according to an internal document distributed by JD.coms human resources department on Friday.
Following that initiative, JD.com announced on Wednesday a share repurchase programme that will see the company buy up to US$1 billion of its shares over the next 12 months. The firm said that scheme will be funded from its existing cash balance.
On its restructuring, t…
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