JD.com Hong Kong shares slip most in 6 weeks on Ceconomy buying deal

Ceconomy AG

31/07/2025 08:27

** Hong Kong shares of JD.com 9618.HK slip 3.3% to HK$122.70, on track for the biggest one-day pct decline since June 19

** Stock touches the lowest since July 15, on course for a third session of declines

** JD.com is acquiring Germany's Ceconomy CECG.DE in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing the Chinese online retailer to expand outside China

** Completion expected by first half of 2026

** Hang Seng Tech Index .HSTECH slips 0.6%, benchmark Hang Seng Index .HSI falls 1.5%

** YTD, JD.com Hong Kong stock down 9.5%, U.S.-listed shares JD.O down 8.4%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))