China's JD.com completes $1.5bn takeover of German appliance retailer

What happened: JD.com completed its acquisition of German consumer electronics retailer Ceconomy, aiming to link European physical and online stores using know-how cultivated in China. Key numbers: Deal valued at $1.5bn. Acquisition approved with EU market conditions. Why it matters: The EU approval with market conditions cleared the way for the Chinese e-commerce group to combine Ceconomy's European store network with its online capabilities.

JD.com completed its acquisition of German consumer electronics retailer Ceconomy, aiming to link European physical and online stores using know-how cultivated in China.

The EU approval with market conditions cleared the way for the Chinese e-commerce group to combine Ceconomy's European store network with its online capabilities.