TechNikkei Asia54m ago
JD.com completes its takeover of German electronics retailer Ceconomy
JD.com completes its takeover of German electronics retailer Ceconomy, after acquiring a ~60% stake for ~$1.5B, following the EU's approval of the deal
TL;DRJD.com finalized its $1.5B takeover of German electronics chain Ceconomy with EU approval.
Why it matters: Chinese e-commerce giant gains European retail footprint; signals aggressive international expansion strategy.
SHANGHAI — JD.com has completed an acquisition of German consumer electronics retailer Ceconomy, aiming to link European physical …
Read full articleSource: Nikkei Asia · Opens in new tab