One Turn
JD.com buys German retailer Ceconomy; Anthropic IPO nears
China's JD.com agreed to buy German electronics retailer Ceconomy, deepening its push into Europe. Nebius shares fell 16% on weak guidance. Nvidia-backed Nscale updated its IPO papers with a wider loss. Anthropic's IPO is expected soon.
Why it matters
Deals and listings show where AI and retail money is moving.
Background
JD.com is a major Chinese online retailer.
Sources
- Yonhap (Korean) ↗Nov 13, 2:27 AM ET
- CNBC ↗Nov 12, 12:53 PM ET
- CNBC ↗Nov 12, 6:12 PM ET
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