This article only represents the author's own views.
As its core e-commerce business stagnates, JD.com Inc. (JD.US; 9618.HK) is looking further afield for new challenges in its smaller financial operation.
The internet giant is closing in on a deal to buy Home Credit Consumer Finance Co. Ltd., China’s first wholly foreign-owned consumer finance company that has been struggling for quite some time, financial media Caixin reported last Friday, citing unnamed sources. The deal is already supported by the government of Tianjin, where Home Credit is based, but still requires approval from the National Financial Regulatory Administration, according to the report.
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