Chinese e-commerce JD.com is in talks with Yonghui Superstores regarding a potential acquisition, local business media Xuebao Business reported on Tuesday.
Both parties have engaged in at least one preliminary round of communication but have not yet reached a consensus. JD.com wants a full acquisition, aiming to obtain actual control over Yonghui. Informed sources said that to fully integrate Yonghui's extensive offline stores and fresh supply chain into JD.com's system, a complete acquisition is the only viable option. However, Yonghui's founder and chairman, ZHANG Xuansong, prefers to accept JD.com's pure financial investment.
In response to Jiemian News' inquiry, JD.com said the company has no intention to acquire Yonghui Superstores.
