By Shawn Lim

JD.com is set to retrench around 10% of its top management in China, a move similar to its competitors, as the country faces economic uncertainty.

The retrenchment was announced at the company’s annual party, according to Chinese news website Sina Tech, which cited unnamed sources. JD.com currently has more than 100 senior executives.

A report by China’s largest jobs website Zhaopin and Renmin University in January found the number of Internet and IT positions advertised in China dropped by 20% in the December quarter.

The report found the drop was most significant in the Internet and online gaming Read full story ›

Source: The Drum