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August 1, 2025 at 11:04 AM

Chinese retailer JD.com launches €2.2 billion bid for German electronics retailer Ceconomy.

July 31, 2025 at 10:48 AM

Chinese e-commerce giant JD.com has made a $2.5 billion bid to acquire German electronics retailer Ceconomy, which operates the Mediamarkt and Saturn chains. The deal, valued at €2.2 billion, aims to create a leading next-generation entertainment electronics platform in Europe. JD.com will make a voluntary public takeover offer and form a strategic investment partnership with Ceconomy. The German union Verdi has stated it will closely examine the potential takeover.