Chinese e-commerce giant JD.com offers EU remedies in Ceconomy takeover probe

JD.com has offered remedies to the European Commission in response to an EU investigation under the Foreign Subsidies Regulation concerning its $2.5 billion bid for German electronics retailer Ceconomy, amid concerns about potential foreign subsidies distorting the EU market. China has opposed the investigation, calling it improper extraterritorial jurisdiction and ordered entities not to assist the probe.

This Wire brief sits within Fusion42's coverage of E-commerce, and 2 sources have reported it.