JD plans to acquire The Very Group of the UK for $2.68 billion.

On May 25th, it was reported that JD.com is considering acquiring The Very Group, a UK-based pure online retailer and installment payment service provider, for approximately £2 billion (approximately US$2.68 billion). This is JD.com's latest expansion move in the European market, following its failed acquisition attempt of Currys and the termination of negotiations with Sainsbury's Argos. According to information obtained by NetEase's cross-border e-commerce platform, The Very Group was acquired by The Carlyle Group from the Barclay family in 2025 and is preparing for sale. Its revenue for fiscal year 2025 was £2.1 billion, a slight decrease of 1.8% year-on-year, with an adjusted EBITDA margin reaching a record high of 14.7%. The home furnishings category grew by 9.9%, and the group possesses a mature installment payment financial business and a highly loyal customer base. If the transaction is completed, it will provide JD.com with a ready-made digital retail and fintech channel to enter mature Western consumer markets. However, the group's pre-tax loss has widened to £505.4 million due to restructuring costs, and the finalization of the acquisition still requires further negotiation.