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Nikkei Asia: JD.com completes $1.5 billion acquisition of German consumer electronics retailer Ceconomy
According to Nikkei Asia, JD.com has completed a $1.5 billion acquisition of German consumer electronics retailer Ceconomy. Ceconomy operates stores including MediaMarkt and Saturn. The report noted that the deal's approval is subject to conditions set by the EU market, and JD.com hopes to leverage its accumulated experience in China to bridge European physical and online retail businesses.
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