11:03 AM EDT, 03/15/2024 (MT Newswires) -- JD.com ( JD ) said Friday it was ending its pursuit of struggling British electronics retailer Curry's.

The Chinese supply chain-based technologies and services company did not provide a reason for ending its proposed cash transaction, writing only in a statement provided through the London Stock Exchange, "it does not intend to make an offer for Curry's."

JD.com ( JD ) last month confirmed its interest in acquiring Curry's, soon after the Curry's board rejected an $880 million buyout offer from US activist investors Elliott Advisors.

JD.com American depositary shares were more than 2% higher following its announcement.

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