China's JD.com weighs £2 billion bid for UK retailer The Very Group: Report

Chinese ​ecommerce giant JD.com ​is eyeing a potential £2 billion ($2.69 ​billion) bid for the British online shopping platform The Very Group, Sky News reported ‌on ⁠Friday, in ⁠its latest push to expand ​in the UK market.

The move would follow JD.com's ​earlier UK efforts, including its failed takeover bid for electricals group ​Currys and its decision ⁠last year ‌to walk away ​from ​talks to acquire Argos ⁠from Sainsbury's.

The Very Group declined to comment ​on the report, while JD.com ​did not immediately respond to a request.


Sky News reported in January that Carlyle, the owner of The Very ‌Group, was planning a £2 billion sale of the company, just ​months ​after taking ⁠control of the British retailer.

Carlyle took control of the group last year, ending ​the Barclay family's long-standing involvement in the business.