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Analysis - With Currys buyout, China's JD.com could get hungered short-cut to Europe expansion By Reuters

Analysis - With Currys buyout, China's JD.com could get hungered short-cut to Europe expansion

If JD.com does acquire British electronics retailer Currys, the Chinese ecommerce giant JD.com would get the store and warehouse network it needs to expand rapidly in the UK and Europe, at a bargain-basement price. JD's interest in the struggling retailer, unveiled on Monday, underscores the Chinese firm's efforts to deepen its overseas presence as a counterweight to weak demand and cut-throat competition in its domestic market, analysts said.

Analysis – With Currys buyout, China's JD.com could get hungered short-cut to Europe expansion

By Casey Hall, Sophie Yu and Helen Reid BEIJING/LONDON (Reuters) - If JD.com does acquire British electronics retailer Currys, the Chinese ecommerce giant JD.com would get the store and warehouse network it needs to expand rapidly in the UK and Eur...

JD.com's interest in UK retailer Currys underscores weakness in China

Acquiring Currys would give JD.com access to Currys' 21 warehouses across the UK and Ireland, and 800 leasehold stores in eight countries.

Temu splashes out on Super Bowl ads as interest on the Chinese e-commerce app fades among US shoppers

The number of Americans shopping on Temu is falling, and many users plan to shop less on the app, according to recent surveys.

Temu Spent Millions on Six Super Bowl Ads as It Tries to Win Back US Shoppers

PDD's Temu tries to woo US shoppers with millions spent on 6 Super Bowl ads

Why Temu dropped $21M on 3 Super Bowl ads

Chinese-owned e-commerce giant Temu dropped tens of millions of dollars on three Super Bowl commercials, plus offered $10 million in giveaways in hopes of bolstering its US consumer base.

Latest Alibaba leadership reshuffle set to make China's largest ecommerce market more tech-focused, analysts say

Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD. While grappling with low consumer spending, Alibaba has undergone drastic changes in 2023 amid a corporate restructuring and multiple leadership changes.

Latest Alibaba leadership reshuffle set to make China's largest e-commerce market more tech-focused, analysts say

Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD amid low consumer spending.