1 of 1
Story summary
- The European Commission opened a formal investigation under the EU Foreign Subsidies Regulation into JD.com’s €2.2 billion bid for Germany’s Ceconomy.
- Preliminary findings indicate JD.com may have received Chinese financing, tax incentives and grants that could distort the EU internal market.
- The probe will examine whether those subsidies give JD.com an unfair advantage and could strengthen the merged entity’s market position to the detriment of competition.
