JD.com announced on November 12, 2026, that it had completed its offer to acquire a 59.8% stake and voting rights in German consumer-electronics retailer Ceconomy for €1.335 billion. Ceconomy has become a JD.com subsidiary, according to the company.
Together with the 25.3% stake retained by JD.com partner Convergenta, the companies said their combined holding in Ceconomy is 85.2%.
Ceconomy operates the MediaMarkt, Saturn and MediaWorld brands. It has more than 1,000 consumer-electronics stores across 11 countries and regions, alongside online retail operations. The company has more than 50,000 employees and reported more than 53 million members in 2025, with annual customer reach of 2.2 billion.
Under the stated strategic plan, Ceconomy will continue operating as an independent entity in Europe and retain its local technology architecture. JD.com said there would be no changes to existing employee teams, labor agreements or operating locations.