JD.com Inc. is reportedly exploring a £2 billion ($2.7 billion) bid for British online retailer The Very Group. Private equity firm Carlyle currently owns the retailer and plans to launch an auction soon.
The potential acquisition signals JD.com’s renewed strategy to expand its European presence beyond the Chinese market. This follows previous unsuccessful attempts to acquire British retailers Argos and Currys.
JD.com’s U.S.-listed shares fell 3% on Friday, May 22, 2026. A broader sell-off of Chinese stocks due to regulatory concerns drove the decline rather than the acquisition news.