Chinese e-commerce giant JD.com completes €1.3 billion takeover of German retailer CECONOMY

JD.com said on Nov. 12, 2026 it completed the JD.com deal for CECONOMY AG, acquiring 59.8% of the share capital and voting rights for total consideration of EUR 1,335 million. CECONOMY becomes a subsidiary of JD.com, which consolidates its financial results into JD.com’s statements from November 12, 2026. According to the release, JD.com’s partner Convergenta retained a 25.3% stake, bringing the combined shareholding in CECONOMY to 85.2%. JD.com made the offer through JINGDONG HOLDING GERMANY GMBH, an indirect wholly-owned subsidiary of JD.com. JD.com describes itself as a leading supply chain-based technology and service provider listed on NASDAQ as JD and on HKEX as 9618 and 89618. The company said it has opened its technology and infrastructure to partners, brands and other sectors through its Retail as a Service offering.

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