German Federal Cartel Office Approves JD.com's (JD) to Acquire Stake in Ceconomy

​JD.com, Inc. (NASDAQ:JD) is one of the Best Long Term Stocks to Buy Under $50. On September 18, the German Federal Cartel Office approved JD.com, Inc. (NASDAQ:JD)’s plan to acquire a stake in Ceconomy. It is the parent company of Europe’s largest electronics retailer, Mediamarkt-Saturn.

​JD.com, Inc. (NASDAQ:JD) on July 30, 2025, had expressed its plan to acquire Ceconomy in a deal valued at 2.2 billion euros. The Cartel Office’s president, Andreas Mundt, noted that JD.com has had very limited activity in Germany so far. Therefore, the acquisition poses little threat to competition. However, the deal still awaits approval from Germany’s Federal Minister of Economics, Katherina Reiche, who can block it for security reasons.

​Ceconomy operates over 1,000 stores in eleven European countries, including almost 400 stores in Germany. In fiscal 2023-24, the company made €22.4 billion in sales, with about a quarter from online business. Moreover, the company employs around 50,000 people worldwide.

​This strategic acquisition aligns with JD.com, Inc. (NASDAQ:JD) plan to accelerate globally. The company earlier in 2022 rolled out the omnichannel retail brand Ochama in the Netherlands, and in April 2025 began a pilot run of its UK online marketplace Joybuy. Subject to approval, this acquisition will mark its entry in Germany as well.

​JD.com, Inc. (NASDAQ:JD) is a major e-commerce company that operates online retail and marketplace platforms through its website and mobile apps.

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Disclosure: None. This article is originally published at Insider Monkey.