JD.com reportedly restructuring company, creates grocery segment
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JD.com (NASDAQ:JD) is reportedly embarking on a journey to restructure the company, including merging its supermarket chain with other business units to create a grocery segment.
The Chinese tech giant has created an "Innovative Retail" segment that includes its 7Fresh supermarkets, Pinpin platform and its on-demand services, Bloomberg reported, citing people familiar with the matter.

The former head of of its international business, Yan Xiaobing, will lead the new group and report to CEO Sandy Xu.
In addition, JD.com (JD) said on Monday that Wei Hu is the new CEO of its logistics unit, JD Logistics. Hu is replacing Yui Yu, who resigned from the company, effective today, due to personal health reasons.
JD.com (JD) shares rose fractionally in early trading on Monday.

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