JD.com wins EU approval for acquisition of Ceconomy
On November 3, the European Commission announced its approval of JD.com's $2.5 billion acquisition of German electronics retailer Ceconomy. The deal, subject to certain conditions, received the green light from the EU's competition enforcer following an investigation into potential preferential financing, tax incentives, and grants JD.com may have received from the Chinese government.
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- JD.com wins EU approval for acquisition of Ceconomy channelnewsasia.com
