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China tech

China lockdowns a 'double killer' of online, offline businesses: JD.com CEO

Latest outbreak hurts consumers and supply chains more severely, Xu Lei says

A JD.com logistics center in Beijing. After taking a toll from the pandemic, the company has been culling staff members to reduce costs.   © Reuters

HONG KONG -- The coronavirus outbreak in several large Chinese cities, bringing lockdowns in Shanghai and Beijing, has been a "double killer" affecting online and offline businesses alike, JD.com CEO Xu Lei said Tuesday.

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