European Commission approves JD.com acquisition of Ceconomy
1 Nov 3 5:47 AM · 8d ago · 2 articles · 1 post · 1 comment · 3 sources · development 1 of 1
The European Commission formally approved the $2.5 billion acquisition by Chinese e-commerce giant JD.com of German electronics retailer Ceconomy, subject to the company's compliance with offered remedies.
JD.com AcquirerCeconomy Target company
European Commission EU competition authority
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What was reported 1 claim about this development
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first by Channel News Asia, 8d ago · also Reuters
2 more headlines
- EU Gives JD.com Nod to Close EUR2.2 Billion Ceconomy Acquisition marketscreener.com · 8d ago
- JD.com wins EU approval for acquisition of Germany's Ceconomy Reuters · 8d ago
What people said 2 voices · verbatim
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Those shops have made themselves redundant. No good deals, and for years they are doing shady shit like upselling useless “configuration services”, energy contracts, etc. also absolute ripoff on accessories that one could need when buying an expensive item like a HDMI cable or a power strip. I am more surprised anyone wants to buy the chain.
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You are throwing out a completely irrelevant issue under my comment about "buying Chinese electronics retailer 100% is completely fine by current Chinese regulations". It may not be that profitable since electronics retail market in China is very fierce, but definitely if an EU company wants to go into this market, they are always welcome.
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