JD.com has completed the acquisition of a 59.8% stake in CECONOMY AG for approximately €1.335 billion, expanding its consumer electronics retail presence across Europe. The transaction was carried out through wholly owned German subsidiary JINGDONG HOLDING GERMANY GMBH at €4.60 per CECONOMY share and followed merger-control, foreign-investment and European Union foreign-subsidies clearances. Partner Convergenta retained a 25.3% stake, lifting the combined ownership to approximately 85.2%. CECONOMY operates more than 1,000 stores across 11 European markets under brands including MediaMarkt, Saturn and MediaWorld, employs more than 50,000 people and recorded over 53 million loyalty members in 2025. JD.com plans to combine its logistics technology with CECONOMY’s retail infrastructure, while the German company will preserve its brands, local technology systems, employees, employment agreements, retail locations and independent European operations. JD.com shares closed 1.62% lower at $27.85 and fell another 1.47% to $27.44 premarket.