# JD.com Takes Control of CECONOMY in €1.335 Billion Deal

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55668
Published: 2026-11-12T17:04:08.000Z
Updated: 2026-11-12T17:04:08.000Z
Section: Business

> JD.com acquired 59.8% of the retailer’s shares and voting rights, and will include its results in consolidated financial statements starting Nov. 12.

JD.com completed its €1.335 billion takeover of German electronics retailer CECONOMY on Nov. 12, securing control of a business with more than 1,000 stores across 11 European markets.

JD.com acquired 59.8% of CECONOMY’s shares and voting rights through JINGDONG HOLDING GERMANY GMBH, its wholly owned German subsidiary. The cash offer was priced at €4.60 per share. CECONOMY’s results will enter JD.com’s consolidated financial statements starting Nov. 12.

The deal closed after merger-control, foreign-investment and European Union foreign-subsidy clearances. Convergenta retains a 25.3% stake. JD.com and Convergenta now hold a combined 85.2% of CECONOMY.

CECONOMY operates more than 1,000 stores in 11 European markets under the MediaMarkt, Saturn and MediaWorld brands, alongside online retail operations. The business has more than 50,000 employees. In 2025, it recorded more than 53 million loyalty members and 2.2 billion annual customer contacts.

CECONOMY will remain a stand-alone business in Europe with a local independent technology stack. JD.com plans to support CECONOMY’s growth through technology and logistics initiatives while preserving its local market expertise. JD.com plans no changes to the workforce, employee agreements or sites.

JD.com plans to combine its logistics technology with CECONOMY’s local expertise and customer relationships.