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EU clears JD.com's acquisition of Ceconomy
Original: EU approves JD.com's acquisition of Ceconomy
The European Union has approved JD.com's acquisition of Ceconomy, the German electronics retail group behind MediaMarkt and Saturn. The decision clears a major hurdle for the Chinese e-commerce company's expansion into European brick-and-mortar retail. Analysts and industry watchers are discussing what the deal means for competition in Europe's consumer electronics market and for Chinese investment in the bloc.
Why now: The EU's regulatory approval of a major Chinese takeover of a leading European retailer is a significant cross-border business and competition story.
JD.comCeconomyEuropean UnionMediaMarktSaturn
Evidence
- EU approves JD.com's acquisition of Ceconomy · Breakingthenews.net
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