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JD.com Revives Interest in Buying German Retailer Ceconomy
Chinese e-commerce firm JD.com Inc. has renewed its interest in acquiring German electronics retailer Ceconomy AG, according to people familiar with the matter.
Chinese e-commerce firm JD.com Inc. has renewed its interest in acquiring German electronics retailer Ceconomy AG, according to people familiar with the matter. JD.com recently approached Ceconomy about a potential deal and has started sounding out large shareholders of the German company, the people said, asking not to be identified because the information is private. Shares of Ceconomy have gained more than 16% this year, giving the company a market value of about €1.5 billion ($1.6 billion).
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