Hong Kong Stock Movers: JD-SW Jumps Over 5% Before Noon as Ceconomy Acquisition Approved, Company Continues to Deepen European Market Presence Since Last Year

Before the midday break, JD-SW (09618) shares climbed more than 5%, rising 5.63% to HK$112.5 as of press time, with a turnover of HK$580 million.

On the news front, on November 3, the European Commission conditionally approved JD.com's acquisition of German consumer electronics retailer Ceconomy under the Foreign Subsidies Regulation (FSR).

It is understood that the deal was announced in July 2025, with JD.com making a cash offer of EUR 4.6 per share to all shareholders of Ceconomy. Based on the offer price, Ceconomy's equity value is approximately EUR 2.2 billion.

It is worth noting that since 2025, JD.com has continued to increase its investment in the European market. In April last year, JD.com announced the launch of international brand and overseas brand recruitment for maternal and baby products as well as toys categories within its European online retail business.

In March 2026, JD.com launched the online retail brand Joybuy in Europe, further expanding its retail and logistics supply chain presence in the European market. Prior to that, it had already launched in the UK, Germany, the Netherlands, France, Belgium, and Luxembourg.

In addition, JD Logistics' proprietary express delivery brand JoyExpress is bringing JD.com's "211" speed to the European market.