JD.com, the Chinese e-commerce giant controlled by billionaire Richard Liu, has made a $2.5 billion (€2.2 billion) all-cash offer to acquire Germany’s Ceconomy, which owns major electronics chains MediaMarkt and Saturn, aiming to expand its footprint in Europe across 11 markets. The offer represents a 23% premium over Ceconomy’s share price before acquisition talks surfaced, and JD.com plans to support Ceconomy’s digital transformation and supply chain enhancement while maintaining its brand and operations. The move aligns with JD.com’s broader global expansion strategy amid slowing growth in China.
Chinese E-Commerce Giant JD.com Makes $2.5 Billion Bid to Acquire Ceconomy
