JD.COM ECNY JINGXI WECHAT PAY SERIESBaidu has also begun a series of layoffs, with the first round beginning in last December, affecting employees in the company’s gaming, streaming, education, and mobile environment sectors.Last week, Tencent was reported to be cutting 20% of its workforce.Alibaba has started to make major cuts in its local food and grocery delivery business this year.Since late last year, Alibaba, Baidu, ByteDance, Kuaishou, and Tencent have all begun to lay off people. JD’s 2021 financial reports noted that losses from new businesses, including Jingxi, expanded by 160% quarterly to RMB 3.2 million ($505,921) in Q4 of 2021.Ĭontext: JD joins a growing list of Chinese tech giants cutting staff to stay competitive in an economic slowdown.JD’s other core business units, like customer electronics and retail e-commerce, are largely safe from the cuts. The reported layoff is mainly focused on Jingxi Pinpin. Jingxi consists four main teams: Jingxi focuses on bargain deals, Jingxi Pinpin on community group buy, Jingxida on logistics, and Xintonglu on enterprise businesses.Like this one, or of course this one.Details: JD’s layoff will affect at least 400 to 600 staff in the Jingxin unit, according to sources quoted by 36Kr. If this doesn't work for you, keep in mind China has other payment options. If you have an older bank account that you registered with your previous passport, and you are using your new passort to register WeChat pay it won't work. The phone number and passport number registered with your bank must match the data you enter on WeChat. Your best option then is to register a new bank account with the exact same name as on WeChat If you used a middle name on your bank card but not on WeChat, you are out of luck.
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