Group 1 - J Sainsbury plc is in talks with JD.com regarding the potential sale of its subsidiary Argos, although no final agreement has been reached yet [1][3] - Argos is a leading player in the UK retail sector with a strong online and offline presence, including over 1,100 collection points, but has faced operational challenges due to macroeconomic factors [3] - The business of Argos is primarily focused on electronics and non-essential goods, which have seen reduced consumer spending due to ongoing high inflation in the UK [3] Group 2 - Sainsbury's emphasizes that a deal with JD.com could accelerate Argos's transformation, with JD.com promising to introduce advanced retail technology and logistics systems [3] - Sainsbury's core food retail business has performed well recently, with a stock price increase of over 12% this year, raising its market capitalization to approximately £7 billion (about 67.6 billion RMB) [3] - JD.com has been actively expanding its overseas presence, including a recent acquisition of European consumer electronics giant Ceconomy for approximately €2.2 billion, marking a significant move into the European market [4]