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JD.com seeks to acquire Germany’s retailer Ceconomy
JD.com has renewed its interest in acquiring German electronics retailer Ceconomy AG, according to sources familiar with the matter.
The Chinese ecommerce giant has reached out to Ceconomy and engaged major shareholders about a potential deal.
Ceconomy, which owns MediaMarkt and Saturn, operates about 1.000 stores across Europe and is currently valued at 1.5 billion euro (US$1.6 billion) after a 16% rise in its share price this year.
JD.com’s interest in European acquisitions stems from its efforts to expand amid challenges in the Chinese market.
Recent JD.com developments
| Timeline |
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18-Jan-2025 🎁 JD.com unveils gifting feature ahead of Lunar New Year
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14-Nov-2024 📈 JD.com Q3 revenue rises 5.1%
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21-May-2024 💰 JD.com eyes $1.5b in senior notes offering
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16-May-2024 📈 JD.com’s revenue growth steady as income from operations rises
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06-Mar-2024 📈 JD.com announces share repurchase program as 2023 revenue climbs
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