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JD.com to split shopping site into 3 business units

JD.com Inc. has planned restructuring moves that include splitting its JD Mall shopping site into separate businesses and setting up an office of the chief executive, the South China Morning Post reported Dec. 26, citing an internal document obtained from the Chinese e-commerce company.

The division of JD Mall operations will result in three units, according to the report. One will focus on customer behavior and market changes; the second will address services for customer demands; and the third will encompass infrastructure building, service support and risk management. The three businesses will report to Xu Lei, who has been rotating chief executive for JD Mall since 2017.

JD.com will also create a chief executive's office that will help manage reorganization and business reforms, the document said. However, it did not name any members of the new office.

The company reportedly said in the document that the changes come amid "tremendous changes after rapid development in the past decade" in the e-commerce industry and that its restructuring would "focus on customers."

These plans emerged around the same time that JD.com authorized a repurchase program for up to $1 billion worth of shares. They also come shortly after prosecutors in Minnesota decided not to bring charges against JD.com CEO and Chairman Liu Qiangdong, also known as Richard Liu, following an investigation into sexual assault allegations.