Is JD.com eyeing up European electricals dominance after its latest acquisition?
Chinese ecommerce giant JD.com has submitted a voluntary takeover offer for German electronics retailer Ceconomy in a deal valued at €2.2bn (£1.92bn)
Already a dominating presence as the largest retailer by revenue in its native China, JD.com’s new investment in Ceconomy raises questions about what its plans are in the European market.
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