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US dollar52.06EGPEuro60.07EGPBritish pound70.16EGPSaudi riyal13.88EGPUAE dirham14.18EGPKuwaiti dinar168.80EGPJordanian dinar73.43EGPQatari riyal14.30EGPTurkish lira1.07EGPChinese yuan7.74EGPGold 247,241.94EGP/gGold 216,336.69EGP/gGold 185,431.45EGP/gSilver107.95EGP/g

Corporate

China’s JD.com weighs £2bil bid for UK retailer The Very Group

By New Straits Times · May 24, 2026 · 1 min read New Straits Times ↗

KUALA LUMPUR: Chinese e-commerce giant JD.com is evaluating a potential £2 billion (US$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.

A spokesperson for JD.com declined to comment on market speculation, while The Very Group refused to comment on the report.

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.

© New Straits Times Press (M) Bhd

المصدر: New Straits Times

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