JD.com Flees China's Brutal Retail Wars For Europe, As Beijing Fails To Tame Price-cutting At Home
1. JD.com pivots to European brick-and-mortar retail by acquiring Ceconomy. 2. Domestic competitors drive profits down, prompting JD's search for new markets. 3. JD's approach emphasizes supply-chain strengths rather than pure e-commerce. 4. Challenges in managing local labor relations and unions are significant. 5. Downturn in the Chinese market affects companies like Autohome severely.