JD.com Completes Acquisition of 59.8% of Ceconomy

10:01 AM EST, 11/12/2026 (MT Newswires) -- JD.com (JD) said Thursday it has completed its voluntary public takeover of consumer electronics retailer Ceconomy, acquiring 59.8% of the share capital and voting rights of the company for 1.34 billion euros ($1.48 billion). JD.com said that the stake, along with a 25.3% share held by partner Convergenta, brings its total ownership of Ceconomy to 85.2%. Ceconomy, based in Dusseldorf, Germany, operates more than 1,000 consumer electronics stores in 11 markets under the MediaMarkt, Saturn, and MediaWorld brands, JD.com said. Shares of JD.com were down 1.7% in Thursday trading. Price: 27.34, Change: -0.52, Percent Change: -1.85