Media Markt will be Chinese. The first major network in Europe has been acquired.

The European Commission approved JD.com's acquisition of Media Markt and Saturn, raising concerns about foreign subsidies affecting competition. The deal, analyzed for over a year, requires JD.com and CECONOMY to commit to measures ensuring fair market practices. This acquisition marks a significant entry of a Chinese company into the European retail sector, with JD.com valuing CECONOMY at approximately €2.2 billion. The partnership aims to enhance logistics and technology capabilities while maintaining competitive pricing. Despite some criticism, both companies believe the merger will benefit the European retail market and consumers.