JD.com (HKG:9618) revived its interest in purchasing Germany-based electronics retail company Ceconomy, Bloomberg News reported Wednesday, citing people familiar with the matter.
The Chinese e-commerce giant has already approached Ceconomy itself and its shareholders, the report said, citing the sources.
JD.com has been on the lookout for potential acquisitions to expand itself as it faces a weak Chinese economy. Among the deals it studied was with UK-based electronics retailer Currys, but the deal fell off, the report said.
A Ceconomy spokesperson declined to comment, the news agency said, while a JD.com representative did not respond immediately to queries.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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