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JD.com acquired the owner of MediaMarkt and Saturn for $2.5 billion

მარიამ ქადარიაNovember 13, 20261 min read
JD.com acquired the owner of MediaMarkt and Saturn for $2.5 billion

Chinese company JD.com has acquired German retailer Ceconomy for $2.5 billion. Ceconomy owns the MediaMarkt and Saturn electronics store chains and operates more than 1,000 locations across 11 European countries.

With this deal, JD.com aims to expand beyond China and establish itself as a leading online electronics platform in Europe. The company plans to offer next-day delivery to customers and, through a partnership with Uber, introduce a 90-minute delivery service as well.

JD.com's European platform Joybuy will also make use of MediaMarkt and Saturn stores going forward. The Chinese company already operates more than 60 logistics centers in Europe and plans to expand its network further.

Source: Reuters

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