Business · Companies · 48 mins ago
JD.com takes control of German electronics chain Ceconomy
JD.com has taken control of Ceconomy, a German electronics chain.
Ceconomy is now a subsidiary of JD.com.
The change means the two companies are linked through ownership, not just a business relationship.
JD.com will consolidate Ceconomy’s financial results from November 12.
This means Ceconomy’s results will be included in JD.com’s consolidated accounts from that date.
The reported next step is the start of financial consolidation.
Ceconomy became a subsidiary of Chinese e-commerce company JD.com.
JD.com will consolidate Ceconomy’s financial results from November 12.
Ceconomy is a German electronics chain.
- Who
- JD.com and Ceconomy.
- What
- Ceconomy became a JD.com subsidiary.
- When
- November 12; the year is not stated.
- Where
- Germany.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- New parent
- JD.com
- Subsidiary
- Ceconomy
- Business
- German electronics chain
- Consolidation date
- November 12
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