Beijing, Jan 30 (AP) Chinese online retailer JD.com Inc. is closing its consumer e-commerce services in Indonesia and Thailand amid intense competition in Southeast Asia.

The e-commerce service will stop taking orders February 15 in both countries and shut down in March, according to announcements Monday on the two websites.

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JD.com said in a separate statement it would develop its cross-border supply chain business that serves Southeast Asia and other global markets.

The company operates or manages warehouses or industrial parks in Vietnam, Malaysia and Indonesia.

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E-commerce vendors in Southeast Asia have been squeezed by intense competition, including from JD.com's Chinese rival, Alibaba Group.

JD.com reported a profit of 6 billion yuan (USD 800 million) in the quarter ending in September on sales of 243.5 billion yuan (USD 34.2 billion).

That was an improvement from a loss of 2.8 billion yuan (USD 370 million) on sales of 218.7 billion yuan (USD 32.4 billion yuan) in the same period a year earlier.

JD.com's foreign operations and other “new business” accounted for just over 2 per cent of total sales, the company said. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)