JD.com announced on November 12, 2026, that it had completed its takeover offer for German consumer electronics retailer Ceconomy. It acquired 59.8% of the company’s shares and voting rights for a total of €1.335 billion, making Ceconomy a JD.com subsidiary.
JD.com said its combined holding with partner Convergenta, which retained a 25.3% stake, reached 85.2%.
Ceconomy operates the MediaMarkt, Saturn and MediaWorld brands. It has more than 1,000 consumer electronics stores across 11 countries and regions, alongside an online retail business. According to the announcement, Ceconomy has more than 50,000 employees and had over 53 million members in 2025.
Under the stated strategic plan, Ceconomy will continue operating independently in Europe and retain its local technology architecture. JD.com said there would be no changes to existing employee teams, labor agreements or operating sites.