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JD.com acquires Ceconomy: MediaMarkt and Saturn now Chinese-owned
Chinese group JD.com officially completed on Thursday, 12 November, its acquisition of German Ceconomy — owner of MediaMarkt and Saturn retail chains — for 2.5 billion euro. It is one of Europe's largest electronics retail networks. JD.com announces changes and aims for the position of the continent's largest electronics retailer.
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