Chinese E-Commerce Giant JD.com Makes $2.5 Billion Bid To Buy Germany's Ceconomy
1. JD.com proposed to acquire Ceconomy for €2.2 billion. 2. Ceconomy's stock price rose 7% following JD's acquisition announcement. 3. JD's shares fell 3% amid competition and domestic challenges. 4. The acquisition aims to enhance Ceconomy’s digital capabilities and supply chains. 5. JD is exploring international growth due to weak domestic market conditions.