JD.com set up an "Innovative Retail" division that houses its grocery business 7Fresh. The "Innovative Retail" unit will house JD's grocery store business 7Fresh and group buying unit Pinpin, a spokesperson confirmed to CNBC. Yan Xiaobing, who retired from JD in 2021 after leading the company's international business, will return to head up the Innovative Retail group, the spokesperson said. Alibaba , JD's biggest e-commerce rival in China, split its company into six separate business units this year, the biggest restructuring in its history. One of the business units Alibaba separated out in its restructure is a "local services" group, which covers its food delivery and grocery businesses.

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Persons: JD.com, Yan Xiaobing, Yu Rui, Hu Wei, JD's, Daniel Zhang, Alibaba, Eddie Wu, Joe Tsai, Sandy Ran Xu, Xu Lei, Xu Organizations: CNBC, JD, Innovative Retail, JD Logistics Locations: China