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JD.com to Create Autonomous Division, Blending 7Fresh Supermarkets with Digital Services

JD.Com, Inc (NASDAQ: JD) plans to establish an autonomous division by integrating its 7Fresh supermarket chain with various online services. The Chinese e-commerce firm reportedly focuses on an "Innovative Retail" initiative that brings together the 7Fresh supermarkets, the group-buying platform Pinpin, and on-demand services, Bloomberg cites familiar sources. Starting Monday, Yan Xiaobing, former chief of JD.com's international business will helm the new unit and report directly to group CEO Sa ....

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