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JD.com completes $1.5 billion Ceconomy takeover, Nikkei Asia reports

Nikkei Asia says JD.com aims to connect European stores and online shopping through its Ceconomy acquisition.

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China's JD.com completes $1.5bn takeover of German appliance retailer

TLDR

Ceconomy, the German electronics retailer operating MediaMarkt and Saturn, has been acquired by JD.com for $1.5 billion, Nikkei Asia reports. The outlet says approval came with EU market conditions.

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JD.com completes $1.5 billion Ceconomy takeover, Nikkei Asia reports

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