Chinese E-Commerce Giant JD.com Makes $2.5 Billion Bid To Buy Germany's Ceconomy
1. JD.com proposes to acquire Ceconomy for €2.2 billion. 2. The offer is a 23% premium over Ceconomy’s share price. 3. JD.com aims to enhance Ceconomy's digital and logistics capabilities. 4. JD.com is seeking growth outside China amid domestic competition. 5. Shares of JD.com fell 3% following the acquisition news.