China's JD.com up on securing conditional nod for Ceconomy takeover

Ceconomy AG

28/11/2025 06:03

** Shares of Chinese e-commerce giant JD.com 9618.HK climb 1.2% to HK$117.6, on course for fifth consecutive session of gains

** U.S.-listed stock JD.O gained nearly 1% on Thursday

** Italy's government has given its conditional approval to JD.com's takeover of German electronics retailer Ceconomy CECG.DE, a parliamentary document showed on Thursday

** Using its so-called "golden power" legislation, Italy reserves the right to block or set conditions on domestic and foreign deals affecting the country's strategic assets

** As part of the $2.5 billion deal, MediaMarkt and Saturn brands operating in Italy through electronics retailer MediaWorld will change hands

** YTD, Hong Kong stock down 13.9%, U.S.-listed shares down 15.1%, while Hang Seng TECH Index .HSTECH is up 25.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))