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Consumer Tech

All items in the Consumer Tech channel.

Consumer Tech

Total 11

JD.com completes its takeover of German electronics retailer Ceconomy for about EUR 1.34 billion

JD.com said it completed a EUR 1.34 billion (US$1.5 billion) acquisition of a controlling stake in Ceconomy, owner of MediaMarkt and Saturn. With partner Convergenta, which keeps 25.3%, the two now hold 85.2%. Ceconomy runs over 1,000 stores in 11 European markets, is consolidated from 12 November and stays standalone. A UK outlet cites US$2.5 billion, which conflicts with China Daily.

Consumer TechDeal: ~EUR 1.34B (~US$1.5B)China Daily

Lingyi iTech injects RMB 816 million into server liquid-cooling unit Readore, lifting its stake to 51%

Lingyi iTech said on the evening of 12 November that it will put RMB 816 million of cash into subsidiary Readore (Limin Da), subscribing RMB 4.37 million of new registered capital and raising its direct stake from 35% to 51%. Readore stays consolidated and an earlier voting-rights delegation ends. The unit makes AI-server liquid-cooling parts.

Consumer TechCapital injection: RMB 816M (~US$122M)21st Century Business Herald