Rivals Oppose JD.com’s Concessions in Ceconomy Deal Amid EU Foreign Subsidy Investigation
JD.com's proposed concessions to address European Union (EU) foreign subsidy concerns over its $2.5 billion acquisition of German electronics retailer Ceconomy have faced pushback from competitors, according to Reuters. The European Commission has informed JD.com that rival companies are reacting negatively to the commitments offered by the Chinese e-commerce giant. These include granting access to JD's logistics and technology infrastructure in Europe at market rates for smaller rivals on fair terms. The EU is investigating whether JD received state-backed subsidies from China, which could distort competition under its Foreign Subsidies Regulation. The EC must decide on the deal by 23 October after setting out key issues that need to be addressed. In August 2026, Chinese authorities ordered domestic entities not to cooperate with the EU investigation, calling it an example of 'undue extraterritorial jurisdiction.' JD.com's recent financial report showed a significant improvement in operating income for Q2 2026 compared to last year. The company is under pressure to revise its concessions as negotiations continue.
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Topics: Ceconomy EU regulatory review foreign subsidies JD.com