Ceconomy: China threatens EU in dispute over JD.com
The EU is checking whether JD.com has unfair advantages due to subsidies in the planned takeover of Ceconomy. Peking announces countermeasures.
China has threatened to take countermeasures against the European Union over its investigation into JD.com's planned takeover of Ceconomy, the parent company of Media-Markt-Saturn. The Chinese Ministry of Justice stated that if the EU proceeds with its investigation, Beijing will react decisively. The Ministry also accused the EU of requesting excessive and unnecessary information from China and banned organizations and individuals from assisting the EU with certain information requests.
The EU Commission has been examining the takeover since May, focusing on whether JD.com has received subsidies from China that could distort competition. JD.com has offered concessions to the EU Commission, although the details are not specified.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
