Market Chatter: JD.com Targets European Electronics Retail Leadership With $2.5 Billion Ceconomy Deal

MT Newswires Live

11/13

JD.com (HKG:9618) aims to build Europe's leading online electronics retail platform through its $2.5 billion acquisition of German retailer Ceconomy, Reuters reported, citing an international executive.

The deal, completed Thursday, gives JD access to Ceconomy-owned MediaMarkt and Saturn, which operate more than 1,000 stores across 11 European countries, according to the report.

JD plans to expand its logistics network and integrate online and physical retail services, including next-day delivery and in-store pickup, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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