Overview
- JD.com completed a voluntary public takeover on Thursday, November 12, 2026, buying 59.8% of CECONOMY for EUR 4.60 a share, equal to total consideration of EUR 1,335 million.
- With Convergenta keeping a 25.3% stake, JD.com and Convergenta now jointly hold 85.2% of CECONOMY and CECONOMY is a subsidiary consolidated into JD.com's financial statements from November 12, 2026.
- The closing followed required merger control, foreign investment and EU foreign subsidies clearances that the companies said were fulfilled before completion.
- JD.com and CECONOMY say CECONOMY will operate as a stand‑alone European business with its own tech stack and no planned changes to workforce, employee agreements or sites as they begin an implementation roadmap.
- CECONOMY brings more than 1,000 stores in 11 markets, over 50,000 employees and a large customer base, and investors will watch how its results change JD.com's reported business mix and near‑term earnings.