China's JD.com to buy German retailer Ceconomy for $2.5bn
LORRETTA CHEN
HONG KONG -- JD.com said it has reached an agreement with German retailer Ceconomy to acquire it at 4.6 euros a share in a 2.2 billion euros ($2.5 billion) deal.
The proposed takeover marks the Beijing-based e-commerce operator's expansion into the European market as competition among online marketplace players heats up at home.
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Yomiuri Shimbun
an hour ago
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