JD.com Eyes Acquisition of Germany’s Ceconomy

JD.com is reportedly close to making a decision on a bid for Ceconomy, a German retail giant. Bloomberg News reports that the Chinese e-commerce company is considering an offer price of approximately €4.60 per Ceconomy share. This move signals JD.com's strategic expansion into the European market.

JD.com is nearing a pivotal decision regarding its potential acquisition of German retail company Ceconomy, sources from Bloomberg News confirmed.

The Chinese online retailer is contemplating presenting a bid at around €4.60 for each Ceconomy share, a bold step in entering the European retail market.

This potential acquisition underscores JD.com's ambitions to broaden its global presence and strengthen its position against competitors in the vast retail sector.

(With inputs from agencies.)