JD.com shrinks its money-losing group buying business Jingxi Pinpin

JD.com shrinks its money-losing group buying business Jingxi Pinpin

A merchant doing business on Jingxi told Caixin that the platform is firing workers as it increasingly becomes uncompetitive in both prices and logistics services. Photo: VCG

JD.com Inc. has shrunk its community group-buying offshoot Jingxi Pinpin for the second time this year, shutting up shop in Hubei and Shandong provinces as it struggles to break through in an industry dominated by Pinduoduo and Meituan.