JD.com Seeks Loan for €2.2 Billion Bid to Buy Germany’s Ceconomy

JD.com, the Chinese e-commerce giant, is seeking a loan to fund its proposed acquisition of the German electronics retailer Ceconomy. The deal is estimated to be worth around €2.2 billion. According to sources familiar with the matter, JD.com is in discussions with banks to secure a euro-denominated loan to finance the potential acquisition. The move is part of JD.com's strategy to expand its presence in the European market and diversify its business beyond its core Chinese market. Ceconomy, the parent company of Media-Saturn, one of Europe's largest consumer electronics retailers, has been facing challenges in recent years and has been exploring strategic options, including a potential sale. The acquisition, if successful, would mark a significant investment by JD.com in the European market and could strengthen its position as a global e-commerce player. However, the deal is still in the early stages, and it remains to be seen whether the two companies will reach an agreement.