JD.com in Talks to Acquire Ceconomy for European Expansion
Chinese ecommerce company JD.com is reportedly in discussions with Ceconomy, the parent company of MediaMarkt and Saturn, regarding a potential acquisition. This move comes as JD.com seeks to expand its presence in Europe amid slowing economic growth in China. Ceconomy, a major electronics retailer, reported a revenue of 22.4 billion euros in the last fiscal […]