Bloomberg Chinese online retailer JD.com Inc. is closing its Indonesia and Thailand e-commerce sites as the company shifts its overseas strategy towards supply-chain and logistics services. JD.ID in Indonesia will stop accepting orders from mid-February and all services will be stopped by the end of March, while JD Central in Thailand will cease its operations from March 3, according to ...

  Bloomberg A key Apple Inc supplier has begun making components for AirPods in India, marking a significant step in the US tech giant’s push to expand production in the country. The Indian unit of Jabil Inc. has begun shipping AirPods enclosures, or plastic bodies, to China and Vietnam, where the wireless earphones are assembled, people familiar with the matter ...

  Bloomberg Hennes & Mauritz AB (H&M) shares fell after the Swedish clothing retailer said severe increases in energy, freight and garment prices nearly wiped out profit in the past quarter. Operating income dropped 87% to 821 billion kronor ($80 million) in the three months through November 2022, H&M said, far off analysts’ estimates. The scale of the decline is ...