JD.com Partners with CECONOMY for European Consumer Electronics Platform

JD.com has announced a strategic investment agreement with CECONOMY to develop a leading next-generation consumer electronics platform in Europe. Through this partnership, JD.com will leverage its advanced technology, retail, and logistics expertise to support CECONOMY’s transformation and growth.

JD.com intends to make a public takeover offer at EUR 4.60 per share, a 42.6% premium on recent prices, securing a 57.1% stake in CECONOMY. The offer will not require a minimum acceptance threshold, ensuring stability for CECONOMY’s operations and employees.

CECONOMY, known for its MediaMarkt and Saturn brands, is set to remain operationally independent in Europe. Both companies aim to enhance CECONOMY’s capabilities and value for all stakeholders without altering current workforce arrangements.

Key shareholders, including Convergenta, support the offer, aligning with JD.com's strategic goals to accelerate CECONOMY’s growth in the European market.