JD.com seals €1.3B CECONOMY takeover, takes 59.8% stake
JD.com closed its takeover of Germany's CECONOMY on Nov. 12, 2026, paying EUR 1,335 million for 59.8% of the retailer's shares and voting rights. CECONOMY, which runs more than 1,000 MediaMarkt, Saturn and MediaWorld stores across 11 markets, now sits in JD's accounts as a subsidiary. Partner Convergenta kept its 25.3%, pushing the pair's combined holding to 85.2%.
- Original source: cryptobriefing.com.
- The source published it on Nov 13, 2026 at 1:17 AM.
- No second outlet has reported it yet. Treat it as a single-source claim.
JD.com wrapped up its purchase of CECONOMY AG on Nov. 12, 2026, taking 59.8% of the German retailer's share capital and voting rights for total consideration of EUR 1,335 million. With the deal closed, CECONOMY becomes a subsidiary of the Chinese e-commerce company, which folds its financial results into JD.com's statements from that same date.
JD.com's partner Convergenta held onto a 25.3% stake, lifting the pair's combined shareholding in CECONOMY to 85.2%. The offer ran through JINGDONG HOLDING GERMANY GMBH, an indirect wholly-owned subsidiary of JD.com.
What JD.com gets is scale on the ground in Europe. CECONOMY runs more than 1,000 consumer electronics stores across 11 markets under the MediaMarkt, Saturn and MediaWorld brands, plus online retail. It employs over 50,000 people and, in 2025, counted more than 53 million loyalty members and 2.2 billion annual customer contacts — an audience JD.com now reaches directly.
The German retailer stays a stand-alone business in Europe with its own local, independent technology stack. Both sides plan no changes to the workforce, employee agreements or sites, and JD.com committed to investing in CECONOMY's consumer brands and staying true to their heritage. The idea is to pair CECONOMY's local know-how with JD.com's technology and logistics muscle; JD.com trades on NASDAQ as JD and on HKEX as 9618 and 89618.
TopicsJD.com · CECONOMY AG · Convergenta · MediaMarkt · Saturn · MediaWorld · JINGDONG HOLDING GERMANY GMBH · NASDAQ: JD
Source: cryptobriefing.com
Written by Paparazzi with AI. Not financial advice.
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