JD.com acquires 59.8% of Ceconomy for €1.335 billion
Chinese e‑commerce group JD.com closed its purchase of a 59.8% stake in Germany’s Ceconomy on 12 Nov 2026, paying €1.335 billion (about $2.5 billion). The deal gives JD control of MediaMarkt, Saturn and more than 1,000 stores across eleven European countries. JD’s cross‑border head Jack Li said the acquisition will create Europe’s leading online electronics platform, while Ceconomy’s CEO Remko Rijnders will remain in charge and the logistics network will be expanded from over 60 centres.
Why it matters
The acquisition makes JD.com a majority owner of a major European electronics retailer, adding a large physical‑store footprint and logistics base that could accelerate JD’s revenue growth outside China. The deal also brings JD’s online platform and next‑day delivery capabilities to Ceconomy’s network, potentially increasing market share in Europe.
Key facts
- 1JD.com acquired a 59.8% stake in Ceconomy for €1.335 billion. tradingview.com
- 2The transaction value is reported as $2.5 billion. investing.com
- 3The acquisition closed on 12 Nov 2026. investing.com
- 4Ceconomy operates over 1,000 stores in eleven European countries. investing.com
- 5JD.com’s logistics network in Europe currently consists of more than 60 centres. investing.com
- 6Ceconomy’s CEO Remko Rijnders will continue to run the business under JD.com’s ownership. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.